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Hong Kong Desk: Polygon's POL Sags Near 10 Cents Even as Asia Quietly Becomes Its Most Important Customer HONG KONG — The disconnect between price action and corporate adoption rarely shows up as cleanly as it has this week in POL, the native token of the Polygon network.
As Asian trading desks rolled over their overnight books on 13 May, POL was changing hands near $0.10, off another 1.7 percent in twenty-four hours, with a market capitalisation of roughly $982 million and a daily turnover that had thinned to about $72 million.
For a chain whose enterprise client list now stretches from Jio Platforms in Mumbai to Mitsubishi UFJ in Tokyo and Starbucks Japan's defunct-but-instructive Odyssey programme, the chart tells the story of a token still trading like a 2022 layer-two also-ran.
The all-time low at $0.0814, printed on 13 April, sits uncomfortably close to spot. The 200-day simple moving average at $0.1207 has flipped into resistance rather than support.
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