Polygon – Assessing impact of $41.2M whale dump on POL – BitRss

• POL declined by 6.11% over the past 24 hours.
• Polygon whales sold 80 million tokens worth $41.2 million.

Since hitting a recent high of $0.7675 two weeks ago, Polygon [POL] has struggled to maintain an upward momentum.

As a result, the altcoin has declined, hitting a local low of $0.48. With POL’s continued decline, most investors are closing their positions. These traders are selling to avoid further losses. This trend has persisted, especially among whales.

Polygon whales sell 80 million tokens

In his analysis, Ali Martinez observed that Polygon whales have turned to selling. According to him, whales have sold over 80 million POL tokens worth $41.2 million over the past 48 hours.