Polygon burned 100 million POL on September 23, representing roughly 1% of its total supply, valued at approximately $10.22 million. POL price has climbed nearly 12% since the burn, reaching around $0.113, but faces resistance near the $0.115 level. The token needs to hold above the $0.11 support to confirm recovery, with a drop below $0.107-$0.11 potentially pulling the price back toward $0.102. The permanent supply reduction strengthens Polygon’s deflationary narrative, though the price trajectory will ultimately depend on future demand for the token.
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