Source: Yellow Original Title: Polygon transfers 3.5 million dollars in POL tokens as weekly rally hits 50%

Original Link: https://yellow.com/es/news/polygon-transfiere-35-millones-de-dólares-en-tokens-pol-mientras-el-rally-semanal-alcanza-el-50

What happened

The wallet associated with Polygon sent 20 million POL tokens to addresses of a prominent exchange platform and GSR Markets.

At current prices, around $0.175, the transfer amounted to approximately $3.5 million.

GSR Markets operates as a cryptocurrency market maker providing liquidity services to token projects and exchanges.

The transfer occurred amid the strongest POL rally since November, with the token rising from $0.098 on January 1 to $0.18.

Polygon recently introduced its “Open Money Stack” payment framework, which drove network burns to record levels exceeding 1 million tokens daily.

Why it matters

Controlled transfers by the team to exchanges often indicate liquidity provision, market-making agreements, or potential selling pressure.

GSR Markets specializes in offering institutional-level liquidity, suggesting that the transfer could support market making during recent volatility.

The daily POL burn rate has significantly accelerated in 2026, with the network processing over 178 million transactions in the last 30 days.

The token remains 85% below its all-time high near $1.29 despite recent gains.