Polygon Price Jumps as Altcoin Rotation Brings Fresh Demand

Polygon (POL) has seen a significant price increase of 27.44% in the past 24 hours, trading around $0.113. This surge stands out as Bitcoin dropped 0.86% during the same period.

The rally can be attributed to altcoin rotation, with traders moving money from Bitcoin into other altcoins. The data shows a 132% spike in trading volume during this time, confirming the influx of fresh demand into POL.

A combination of factors is driving the Polygon price higher. Exchange outflows indicate that long-term holders are accumulating more tokens, rather than selling them. This trend has remained steady for over two years, with a negative netflow of 1 billion tokens from September 2023 to May 2026.