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Title: 99% of Polygon (POL) Holders in Distress, Here’s Why
The cryptocurrency market has been experiencing significant volatility and downturns lately. Unfortunately, it appears that the recent struggles have taken a toll on the vast majority of Polygon (POL) holders. Shockingly, an astonishing 99% of them are now under distress.
This sudden shift in sentiment is largely attributed to the ongoing bearish pressure that has engulfed the market. The unrelenting decline of cryptocurrency prices has led to widespread panic among investors, causing many to abandon ship in search of safer alternatives.
In addition to this, the recent surge in selling pressure on Polygon (POL) has further exacerbated the issue. In the last three hours alone, a staggering $181,500 worth of POL has been sold, resulting in an increase in market supply and subsequently putting downward pressure on the asset’s value.
As experts continue to weigh in on the situation, it is becoming increasingly clear that Polygon’s transition from MATIC has failed to revitalize the token. Despite these efforts, long-term holders are left disappointed and frustrated by the lack of positive change.
The crypto community is abuzz with speculation about potential price movements for POL moving forward. However, one thing is certain: there is no escaping the harsh reality that 99% of Polygon (POL) holders are currently struggling to stay afloat amidst this tumultuous market landscape.
It remains to be seen how this situation will unfold as we move into the future. One thing is clear – it’s time for investors and traders alike to adapt and evolve in order to survive the unforgiving cryptocurrency space
Source: https://u.today/99-of-polygon-pol-holders-in-distress-heres-why
