Polygon At A Crossroad: Token Unlock Fest Or Price Fizzle? Polygon is facing a decision point: Will it see a surge in token unlocking or a decline in prices?
Polygon, the platform for scaling Ethereum, is facing a critical decision point. Recently, it reached a significant point in its development by finishing the last token unlock. However, the MATIC token, which originates from the platform itself, is facing a decrease in price and lackluster performance in comparison to other similar tokens. Let’s analyze this complex story. Additional reading: Can Bitcoin be used as a fee? The UK Prime Minister refutes allegations of receiving Bitcoin or a $1 million payment for an interview. Polygon: Opening up new possibilities for the future. Polygon released and moved 273 million MATIC tokens on February 21st, which had an approximate value of $253 million. This last transfer marks the completion of the token distribution process, ensuring that all allocated tokens are now in circulation.