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October 12, 2026 crypto.news News Polygon

Polygon burns 100 million POL tokens, but why is its price still struggling?

News Intelligence · Context Standard review priority

No security or regulatory headline trigger detected.  Priority describes editorial attention, not expected price movement.

Automated keyword tagging from headline and excerpt; not fact-checked, a price-impact prediction or trading advice.
Polygon burns 100 million POL tokens, but why is its price still struggling?
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The story at a glance

Polygon has permanently burned 100 million POL tokens, equivalent to roughly 1% of its original supply, but the cryptocurrency has continued to struggle despite the reduction in circulating tokens. POL was trading near $0.103 on October 12, after declining from…

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Reporting source: crypto.news · Publication date: Oct 12, 2026.

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