Polygon (POL) Performance Review

Polygon (POL) holders are likely not enthusiastic about ecosystem developments owing to the token’s performance. In the last 30 days, POL price volatility has triggered a downward trend, resulting in losses for 99% of ecosystem addresses.

Selling Pressure Increases

According to a recent update from IntoTheBlock, Polygon is not alone in its struggles. Several altcoins, including Optimism, Toncoin, Aero, and Worldcoin, are experiencing similar issues. As a result, many investors are left with losses since the current market prices of these tokens are significantly lower than their original purchase prices.

Investors who committed funds to POL last year have faced an 82.38% loss over the past 365 days, underscoring the severity of the token’s decline and the pressure on investors due to POL’s price action.

> Altcoin holders are feeling the squeeze, with some tokens hovering near 100% of holders in the red🔴
> Nonetheless, analyzing on-chain data can be key, as strong on-chain usage metrics may signal that fundamentals remain sound, pointing to potential undervaluation. pic.twitter.com/NZf20xI4Gc
> — IntoTheBlock (@intotheblock) March 13, 2025

Furthermore, those who invested in POL at the beginning of 2025 have not escaped unscathed, as the token has dipped by 31.95% in the last 30 days. The bearish pressure on POL and predictions of further declines have raised concerns among market participants.

Analysts suggest that liquidity outflows and selling pressure could be attributed to Polygon’s challenges. There have been significant sell-offs by large holders of Polygon. For example, approximately $181,500 worth of POL was sold in the last three hours, contributing to the increasing selling pressure.

Transition from MATIC to POL

Experts believe that Polygon might struggle to recover, given the stiff competition it faces within the crypto sector. Other layer-2 scaling solutions, such as Base and Arbitrum, have emerged as significant competitors, diverting attention and funds away from Polygon.

Critics argue that Polygon’s transition from MATIC to POL has failed to yield the desired results. Although the change aimed to improve the ecosystem, POL’s price outlook remains bleak, disappointing long-term holders.

As of this writing, POL was trading at $0.2176, down by 2.04% in the last 24 hours, according to CoinMarketCap.