[REVISION HISTORY]

Polygon (POL) token market volatility

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-26 03:38 UTC → 2026-09-11 18:07 UTC · added ~~removed~~

The Polygon (POL) token underwent a period of volatility characterized by initial selling pressure followed by a significant price recovery. In mid-August, the token faced bearish sentiment and a price decline, dropping toward the $0.75 level. This downward movement was linked to increased exchange supply and reports that wallets associated with the Polygon team had deposited approximately 18 million POL, valued at $1.36 million, into the FalconX exchange. By late August, the market trend reversed as the POL token experienced a significant price rally, with reports indicating gains of over 27% to 31% within a 24-hour period. In August 2026, the token experienced a renewed surge, becoming one of the top daily gainers among the top 100 cryptocurrencies. POL broke through previous resistance levels at $0.12, with analysts targeting $0.18. This momentum was driven by a 690% surge in exchange outflows over a 24-hour period, signaling intense buying pressure as investors moved tokens off exchanges. The rally was further supported by increased bridge volume, capital inflows into the ecosystem, and positive funding rates on major ~~exchanges, suggesting sustained interest~~ exchanges. By mid-September 2026, the token faced renewed supply concerns after a $1.29 million deposit of 14 million tokens by FalconX into the Binance exchange. While this movement introduces potential selling pressure, the token has attempted to stabilize around the $0.09349 level following a pullback from ~~long-position traders.~~ its late-August peak of approximately $0.125. Derivatives data indicates that top traders on Binance maintain a bullish outlook, with long positions accounting for approximately 63.21% of the market.

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