Polkadot (DOT) has surged dramatically in the last 24 hours, climbing 16.9% to $1.44. This outpaces the broader crypto market, where total capitalisation gained just 4.54% over the same period. Investors and traders are taking notice, and the reasons behind the rally are both unique and timely. Why the Polkadot price is surging The primary catalyst is speculation around Polkadot’s upcoming network milestone. The platform is preparing for its first-ever “halving,” a 50% reduction in inflation scheduled for March 14, 2026. As the halving event nears, social sentiment has been overwhelmingly bullish, with many viewing this as the start of a new “scarcity era” for DOT.
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