The Polygon Vesting Contract Is Officially Empty, Will This Send MATIC Price To $3?
Summary
Polygon's MATIC token completed its final unlock, with 273,304,816 tokens worth $260 million released to the Foundation. This marks the end of token unlocks, bringing the circulating supply to 9,618,318,574 out of 10,000,000,000. The project's market cap is now over $9.14 billion. With all tokens in circulation, the MATIC price may enter price discovery, but concerns remain about potential coin sales by the Foundation. The current trading price is $0.95, 67% below its 2021 all-time high of $2.92.
