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Polygon can see volatile price move in near term- here’s why

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ambcrypto.com

Polygon network continues to see impressive growth within its ecosystem. Just a day ago, the Polygon contract address released 13.87% of the total supply to the foundation contract address.Following the significant development, the native token experienced key movements.Following the network, token unlock, mass awakening of MATIC addresses was observed on Santiment.

Herein, a significant volume of dormant tokens changed addresses as the token’s age consumed rose to a massive high of 1.66 trillion.These spikes do typically signify a price trend direction.On the other hand, Polygon‘s mean dollar age decreased, underlining the fact that older, dormant addresses moved a large chunk of coins.

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