Polygon’s POL slides about 12% in 24 hours as data hints selling may be fading

Polygon (POL) fell roughly 12% over the past 24 hours, extending its year-to-date decline to about 25%. Market metrics show positive perpetual funding at 0.0036%, about $48.54 million in open interest, and around $494,000 in spot exchange net outflows, alongside a holder count of 138,100 and 74% bullish sentiment—signals that the drop may be driven by panic selling rather than weakening fundamentals.