Polygon native token POL fell 7% to around $0.094, dropping below the $0.10 level on October 11, hitting near $0.090 before a weak bounce. RSI was at 44.9 near neutral while Chaikin Money Flow stood at -0.11, with futures open interest declining from its $50 million peak on October 12. Polygon Labs completed its acquisition of Coinme, which holds 37 money transmitter licenses and 11 exemptions across 48 US states, as part of a $250 million-plus deal with Sequence to pivot toward a payments-focused blockchain. The POL token has yet to benefit from this strategic shift toward regulated payments infrastructure.
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