Polygon (POL) Holders Are Not Enthusiastic About Ecosystem Developments

Polygon (POL) holders are likely not enthusiastic about ecosystem developments owing to the token's performance.

Polygon (POL) holders are likely not enthusiastic about ecosystem developments as the token’s price performance might not align with the broader health of the network.

In the last 30 days, POL price volatility has triggered a downward trend, resulting in losses for 99% of ecosystem addresses, according to recent data by IntoTheBlock.

This suggests that most users who bought POL in the last month are now in the red, signaling selling pressure on the token.

Another crypto is on the move. ?

Worldcoin (WCOIN) has seen some serious price action in the last 30 days, with 98% of addresses now at a loss.

Is this a sign of broader selling pressure in the altcoin market? ?

Those who bought Optimism (OP) and Toncoin (TON) last year are also feeling the squeeze.

Credit: IntoTheBlock

Investors who committed funds to POL last year are still nursing an 82.38% loss in the last 365 days.

This shows the extent of the token's decline, and investors are feeling the squeeze as they watch POL struggle to regain momentum.

"Altcoin holders are feeling the squeeze, with some tokens hovering near 100% of holders in the red ?

Nonetheless, analyzing on-chain data can be key, as strong on-chain usage metrics may signal that fundamentals remain sound, pointing to potential undervaluation."

Investors who got into the token in early 2025 are also feeling the heat, as POL has seen a 31.95% price drop in the last 30 days.

This bearish pressure on POL and predictions of possible future declines have sparked concerns among market participants.

Analysts say liquidity outflows and selling pressure could have caused Polygon’s challenges. Notably, there have been reports of Polygon large holders selling off massively. For instance, in the last three hours, about $181,500 worth of POL has been sold, adding to the selling pressure.

Transition from MATIC fails to revive price

Experts claim that Polygon might have difficulty climbing out of the red zone, given the strong competition it faces in the broader crypto space.

Other layer-2 scaling solutions, such as Base and Arbitrum, have proven to be major competitors that divert attention and funds from Polygon.

Some have argued that Polygon’s transition from MATIC to POL has not achieved its goal. The switch was planned to enhance the ecosystem, but POL’s price outlook has remained gloomy, leaving long-term holders disappointed.

As of this writing, POL’s price was changing hands at $0.2176, down by 2.04% in the last 24 hours, according to CoinMarketCap.