{"id":60696,"date":"2024-11-23T11:39:48","date_gmt":"2024-11-23T11:39:48","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/11\/23\/alameda-research-dumping-polygon-pol-amid-price-spike-whats-next\/"},"modified":"2024-11-23T11:39:48","modified_gmt":"2024-11-23T11:39:48","slug":"alameda-research-dumping-polygon-pol-amid-price-spike-whats-next","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/11\/23\/alameda-research-dumping-polygon-pol-amid-price-spike-whats-next\/","title":{"rendered":"Alameda Research Dumping Polygon (POL) Amid Price Spike, What’s Next?"},"content":{"rendered":"


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Alameda Research has sparked concern within the crypto group after transferring massive quantities of Polygon (POL) tokens amid a worth rally. The beleaguered firm transferred one other 2 million POL tokens price $927,000 just a few hours in the past to a centralized trade. As Polygon sees upward momentum amid SEC Chair Gary Gensler\u2019s resignation, massive transactions are impacting POL\u2019s trajectory.<\/p>\n

Alameda Research Large Transfer Spark Concerns<\/h2>\n

Alameda Research has transferred 2 million Polygon (POL) tokens price $927K to Binance on November 23, as per Arkham data<\/a>. This follows a pattern of serious actions amid worth fluctuations, elevating questions in regards to the potential market influence as massive transfers sign a sell-off, particularly with the token\u2019s current worth surge.<\/p>\n

In complete, Alameda Research has moved 4.5 million POL tokens over the past 4 days. The transfers to one in every of the top crypto exchanges<\/a> Binance are valued at roughly $1.98 million. This constant switch exercise, paired with Polygon\u2019s current worth surge, has led to considerations a couple of attainable worth correction if whales be part of the sell-off. Investors ponder if these strikes are a part of a method to capitalize on POL\u2019s growing worth.<\/p>\n

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The pockets deal with related to Alameda, 0xf02e86d9e0efd57ad034faf52201b79917fe0713, stays energetic, conserving merchants on excessive alert as they monitor Binance\u2019s order books for any indicators of liquidation. Previously, Alameda had a historical past of large-scale token dumps which have brought on substantial market fluctuations.<\/p>\n

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For occasion, Worldcoin saw a price drop<\/a>\u00a0after Alameda Research dumped a considerable amount of its tokens, resulting in considerations a couple of related consequence for Polygon (POL) following the current transfers.<\/p>\n

POL Price Jumped 35% This Week Amid Gensler\u2019s Resignation<\/h2>\n

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POL token has jumped 35% over the previous week following information that SEC Chair Gary Gensler will step down next year<\/a>. The announcement, made after rising requires Gensler\u2019s resignation following Donald Trump\u2019s presidential victory, has sparked market optimism for a possible shift towards extra crypto-friendly laws. POL is presently buying and selling at $0.53, up 18% previously 24 hours, with a 24-hour high and low of $0.4496 and $0.5434.<\/p>\n

Polygon has been making strides with its formidable purpose of making an agglayer centered on cross-chain interoperability and liquidity unification. The challenge is working in direction of connecting all main blockchain networks, with Agora AUSD selected as the native stablecoin<\/a> for the agglayer. This initiative may considerably improve Polygon\u2019s utility within the broader ecosystem, probably driving additional adoption.<\/p>\n

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Coingape Staff <\/p>\n<\/p><\/div>\n

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