Polygon Multisig Wallet Stakes Nearly 53 Million POL, Worth Over $4.8 Million

October 25: According to Arkham monitoring data, the address "0xFA5," labeled as a Polygon multisig wallet, transferred a total of 52.928 million POL to a staking contract address yesterday, worth approximately $4.82 million.

Market analysis suggests that Polygon officially announced earlier that, under the PIP-92 proposal, it would allocate 27.3 million POL from fees to support staking rewards from October 1 to December 1, which may also provide some support for POL and ease its downward price pressure.