A wallet labeled as a Polygon multisig transferred 52.928 million POL to a staking contract yesterday, worth about $4.82 million. According to ChainCatcher, Arkham monitoring data identified the source address as “0xFA5.” Market analysts said the transfer may support POL and ease downward price pressure, following Polygon’s announcement that it would allocate 27.3 million POL in transaction fees to staking rewards under proposal PIP-92 for the period from October 1 to December 1.