Polygon Burns 100M POL Tokens Amidst Price Struggles
Polygon has burned 1% of its POL token supply, but the market reaction remains muted.
Polygon has burned 1% of its POL token supply, but the market reaction remains muted. POL (ex-MATIC) (POL) is trading at $0.1051, up 0.6% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Mon, 12 Oct 2026 09:00:03 UTC.
The token burn aims to reduce supply and potentially increase scarcity, but the market response suggests other factors may be outweighing this deflationary move.
- Polygon burned 100M POL tokens, equivalent to 1% of the original supply.
- POL price remains under pressure despite the deflationary move.
- Current price is $0.104465, up 3.20% in 24 hours but down 4.63% over 7 days.
Polygon has executed a significant token burn, permanently removing 100 million POL tokens from circulation. This action equates to approximately 1% of the token's original supply, according to Crypto.news.
The token burn is a common deflationary strategy intended to reduce the circulating supply and potentially increase the token's value due to scarcity. However, the market reaction has been subdued.
Despite the burn, POL's price has continued to struggle. The token was trading near $0.103 on October 12, and while it has since risen to $0.104465, this represents only a modest 3.20% increase over the past 24 hours. Over the last 7 days, POL has actually declined by 4.63%.
The broader market context shows a relatively flat overall crypto market cap of $2.91 trillion, with 
Bitcoin showing a modest 0.98% gain in the last 24 hours. The Fear & Greed index stands at 69, indicating a 'Greed' sentiment in the market.
The token burn is a strategic move by Polygon to enhance the value of POL, but the lack of significant price movement suggests that other market forces may be at play. Investors will be watching for further developments and potential price support levels in the coming days.
Since this brief published about 1 hour ago, POL (ex-MATIC) (POL) has moved from $0.1045 to $0.1051 — +0.62%.
The chart plots POL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 POL ≈ ₦143.56 (about $0.1051), up 3.5% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Polygon Burns 100M POL Tokens Amidst Price Struggles — questions & answers
What is the purpose of the POL token burn?
The token burn aims to reduce circulating supply and increase scarcity, potentially boosting the token's value.
Why is POL price not increasing after the burn?
The price may be influenced by broader market conditions or other factors outweighing the deflationary impact of the burn.
How much of POL's supply was burned?
100 million POL tokens, equivalent to 1% of the original supply, were burned.
How much is 1 POL (ex-MATIC) worth in naira today?
About ₦143.56 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1051. The naira price moves with both POL's US-dollar price and the USDT/NGN rate; use our POL (ex-MATIC) in naira page for any amount.
Has POL (ex-MATIC)'s price moved since this brief was published?
POL is up 0.62% since this brief first published — trading at $0.1051 now versus $0.1045 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.