Crypto
Polygon Price Drops Amid Ongoing Selling Pressure
Polygon's price has declined by 8.14% to $0.1077 after opening with a downside gap and closing near its session lows.
The token currently sits below its short- and medium-term moving averages, but remains above the long-term average, reflecting ongoing selling momentum in the near term.
The Polygon Foundation's activation of PIP-92 has boosted POL staking rewards to 7.7%, with 27.3 million POL distributed via network priority fees.