Polygon (POL) Surges 50% Driven by Token Burns and Open Money Stack Launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Token Burn Event: On January 5, Polygon burned 3.2 million POL tokens in a single day, marking the largest burn event in the network's PoS history, which directly reduces circulating supply and alleviates sell pressure, contributing to a price surge of over 50%.
- Stablecoin Payment System: The launch of Open Money Stack on January 9 supports stablecoin payments across blockchains and integrates with users like Stripe and Revolut, processing over $50 million in stablecoin transactions, highlighting strong fundamentals rather than mere hype.
- Market Sentiment Recovery: Polygon ranked first in network revenue over the past week, indicating increased market confidence in its future growth, with trading volume rising approximately 30%, confirming robust participation.
- Technical Chart Analysis: The POL price has broken out of a long-term downtrend, establishing support at $0.15; if it maintains above this level, it may further break through $0.20 and $0.22, signaling healthy buying activity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
