99% of Polygon (POL) Owners are Submerged: The Reasons Why

## 99% of Polygon (POL) Owners are Submerged: The Reasons Why

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Polygon (POL) possessors aren’t precisely delighted with the token’s conduct. Throughout the previous month, POL’s cost activity has begun a descending curve, leaving an incredible 99% of addresses in the environment carrying the burden.

### Increasing Selling Stress on Polygon

IntoTheBlock indicated in a current update that Polygon isn’t the only one in its distress. Numerous altcoins, consisting of Optimism, Toncoin, Aero, and Worldcoin, are likewise having a hard time. These properties are triggering their owners discomfort, leaving them submerged.

Essentially, the existing market Toncoin (TON) Value Forecast for March 26th of these tokens is considerably less than what the majority of financiers originally spent for them.

Financiers who purchased POL last year have actually witnessed a shocking 82.38% loss in the previous 365 days. This emphasizes simply how much the token has actually declined and the stress financiers are feeling due to POL’s cost motions.

> Altcoin owners are feeling the stress, with some tokens approaching 100% of owners in the red 🔴

> Nevertheless, assessing on-chain information might be important, as solid on-chain usage metrics might show strong basics, recommending prospective undervaluation. pic.twitter.com/NZf20xI4Gc

> — IntoTheBlock (@intotheblock) March 13, 2025

Even those who got in on the token previously in 2025 aren’t secure, as POL has actually dropped 31.95% in the previous thirty days.

Those who operate in the marketplace articulate worries regarding the descending burden on POL and forecasts of its likely impending depreciation.

Per specialists, Polygon’s shift from MATIC to POL hasn’t achieved what was anticipated. Even though the alteration sought to enhance the environment, the cost anticipation for POL is still somber, frustrating enduring proprietors. Additional Layer-2 scaling answers, like Base and Arbitrum, have materialized as key adversaries, rerouting concentration and capital away from Polygon. Observers surmise that the departure of resources and vending strain might be contributing elements to the trials confronted by Polygon. Of specific apprehension are accounts of extensive sell-offs by Polygon’s principal proprietors. For instance, roughly $181,500 worth of POL was liquidated in just the prior three hours, intensifying the vending strain. Considering the acute rivalry Polygon encounters in the wider digital currency domain, specialists state it may wrestle to reverse the situation.

At the time of publication, POL is valued at $0.2176, declining 2.04% within the previous day, according to CoinMarketCap.