Polygon multisig wallet has staked nearly 53 million POL, worth over $4.8 million

On October 24, monitoring data from Arkham shows that the address "0xFA5", tagged as a Polygon multisig wallet, has transferred a total of 52.928 million POL tokens to the staking contract address, worth approximately $4.82 million. Market analysis indicates that the recent increase in Polygon staking activity is linked to the rising APY, which may also provide support for POL and alleviate its downward price pressure.