Polygon’s liquidity strain: Can POL’s support hold as selling rises?

POL’s market sentiment continues to weaken amid rising sell-offs, with a notable price drop of 46% over the last year and a 6% decline in just the last day.

Recent liquidity outflows reached about 105,900 USD, reflecting a shift in investor interest away from POL. Spot exchanges reported a similar trend with further outflows of 263,000 USD.

On-chain activity is also declining, with active POL addresses decreasing to 2.2 million and new user adoption dropping to 99,000, indicating reduced market engagement.

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