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POLYX Overview

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Intellectia
24H High
0.054
24H Low
0.0522
24H Volume
12.94M
24H Volatility
3.45%
All Time High
0.7575
All Time Low
0.0217
Correlation with BTC
0.42
Return On Investment
-77.85%
Market Cap
55.31M
Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of Polymesh used to stake and secure the network, pay transaction fees, and engage in governance.Polymesh integrates built-in financial primitives that enable users to operate the blockchain at minimal fixed costs. Additionally, it enables developers to create decentralized applications (dApps) on the platform. Polymesh also aims to effectively tackle critical concerns like rule enforcement, identity verification, regulatory compliance, data privacy and transaction finalization.According to Polymesh's whitepaper, the project overcomes the flaws in Ethereum and other general-purpose blockchains that may impede the acceptance of security tokens by industries and institutions.
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Official WebsiteBlock ExplorerWhitepaper

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of POLYX on social media as of April 17, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding POLYX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of POLYX on social media as of April 17, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding POLYX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

No social media posts available

Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers0.00%
Holders0.00%
Traders0.00%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others0.00%
Whales0.00%

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

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Whitepaper Summary

No overview available

News

Coinmarketcap
7.0
06:12 AMCoinmarketcap
US Government Relocates Seized Bitcoins from Infamous Hack
  • Bitcoin Transfer: The U.S. government has moved approximately $606,000 worth of Bitcoin into a Coinbase Prime wallet, involving eight Bitcoins, highlighting its connection to the 2016 Bitfinex hack and demonstrating the government's focus on cryptocurrency asset management.
  • Hack Incident Overview: The 2016 Bitfinex hack resulted in the theft of 119,756 Bitcoins, valued at $72 million at the time and now estimated at nearly $8.9 billion, reflecting the extreme volatility of the cryptocurrency market and its impact on investors.
  • Asset Recovery Status: Following investigations, authorities successfully recovered a portion of the stolen Bitcoins in 2022, valued at around $3.6 billion, showcasing the government's efforts and effectiveness in combating crypto crime while raising concerns about digital asset security.
  • Court Directive and Asset Distribution: A court has mandated that the seized Bitcoins be returned directly to Bitfinex, ensuring that Recovery Right Token holders are prioritized for compensation, a decision that not only aids in resolving past grievances but also emphasizes the protection of investor rights.
Coinmarketcap
7.0
06:12 AMCoinmarketcap
Circle Sued for Failing to Freeze $230M in Stolen USDC
  • Class Action Filed: Over 100 Drift investors have initiated a class action lawsuit against Circle in a Massachusetts district court, accusing the company of failing to freeze approximately $230 million in USDC stolen during the April 1 Drift Protocol exploit, highlighting the legal gray area surrounding crypto companies' control over user funds.
  • Questioning Technical Capacity: The lawsuit points out that Circle had previously frozen 16 USDC wallets, indicating its technical ability to intervene, yet chose not to act, potentially exacerbating investor losses, with the law firm seeking damages to be determined at trial.
  • Investigation into Hackers: Crypto analytics firm Elliptic suspects that the exploit was carried out by North Korean hackers, who executed over 100 transactions via Circle's cross-chain transfer protocol during US working hours, subsequently converting the stolen funds into Ether and laundering them through Tornado Cash, underscoring vulnerabilities in crypto security.
  • ARK Invest's Defense: Lorenzo Valente, director of research for ARK Invest, defended Circle's decision not to freeze the funds, arguing that doing so without a legal order could lead to arbitrary control, emphasizing the need for stablecoin issuers to adhere to rule-of-law principles, while acknowledging the serious implications of the stolen funds potentially funding North Korea's nuclear program, reflecting divided opinions on the matter.
Coinmarketcap
7.0
06:12 AMCoinmarketcap
Circle Faces $280 Million Class Action Lawsuit Over Drift Exploit
  • Lawsuit Allegations: Investor Joshua McCollum filed a lawsuit in Massachusetts, accusing Circle of failing to freeze approximately $230 million in USDC transferred by attackers, resulting in around $280 million in losses for investors, highlighting significant mismanagement during a crisis.
  • Technical Capability Questioned: The complaint notes that Circle previously froze 16 USDC wallets, indicating its technical ability to intervene, yet it failed to act during this incident, potentially exacerbating investor losses and raising questions about its operational protocols.
  • Legal Responsibility Debate: Central to the case is the responsibility of crypto firms over digital assets; while Circle has the means to freeze wallets, the lack of a court order complicates the legal and ethical implications of such actions, which could influence industry standards.
  • Hacker Background Investigation: Blockchain analytics firm Elliptic suggested that North Korean state-backed hackers may be behind the exploit, utilizing Circle's cross-chain transfer technology in over 100 transactions, subsequently converting stolen assets into Ether and transferring them via Tornado Cash, increasing Circle's legal exposure.
Coinmarketcap
7.0
06:12 AMCoinmarketcap
US Government Transfers Bitcoin Assets from Bitfinex Hack
  • Bitcoin Transfer: The US government has moved approximately $606,000 worth of Bitcoin to a Coinbase Prime wallet, directly linked to the 2016 Bitfinex hack, demonstrating ongoing efforts to track and combat cryptocurrency crime.
  • Hack Incident Review: In the 2016 Bitfinex attack, Ilya Lichtenstein stole 119,756 Bitcoins, valued at $72 million at the time, which has now surged to nearly $8.9 billion, highlighting the volatility of crypto assets and their profound market impact.
  • Asset Return Plan: US courts ruled that the confiscated Bitcoin should be returned directly to Bitfinex rather than liquidated, which will help protect the rights of Recovery Right Tokens holders and provide compensation for past grievances.
  • Government Crypto Reserves: Beyond the Bitfinex assets, the US government has accumulated approximately $24.54 billion in Bitcoin and other digital assets through legal cases, indicating its significant position in the crypto market while raising concerns about potential selling pressure.

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Frequently Asked Questions

What is price prediction 2025 for POLYX Crypto?

I'm sorry, but I couldn't process your request at this time.

What is surpport and resistant level for POLYX Crypto?

The S1 support level for POLYX Crypto is $0.0483 ,The R1 resistant level for POLYX Crypto is $0.0532.

What is the current price of POLYX Crypto?

The price of POLYX Crypto was $0.0531.

What is the market cap of POLYX?

The market cap of POLYX is $55.3M.