Reports indicate that 93.51% of POL holders are facing losses as they bought their assets at higher prices. Current trading at 0.411 USD poses challenges, especially with a significant whale offloading 5.64 million POL for 2.28 million USD, contributing to a bearish sentiment.
Network activity has seen a sharp decline, with new addresses dropping by 58.67%. Though transactions over 100,000 USD surged by 620%, the drop in retail trading raises concerns about sustained bullish momentum, reflecting weaker participation in the market.