Polygon wants to rewrite the hack — and the market isn't sure it likes the idea.
$POL is down about 3.2% near $0.0908 on roughly $46M in volume, while $BTC barely moves near $75,973. The why is real: Polygon approved a plan at its Nov 5 governance call to hard-fork and recover around 70.5M stolen tokens, worth about $6.5M, taken in the late-October exchange hacks. The fork still needs testnet sign-off, so nothing is final yet.
The token sits in a tight $0.09–$0.10 band, about 93% below its $1.29 high. Hold $0.09 and the recovery story might give buyers a reason to step back in; lose it and the drift probably drags on.
Would you trust a chain that rewrites history to undo a hack, or does that set a worse precedent?
#Polygon #Altcoins #BinanceSquare
$POL is down about 3.2% near $0.0908 on roughly $46M in volume, while $BTC barely moves near $75,973. The why is real: Polygon approved a plan at its Nov 5 governance call to hard-fork and recover around 70.5M stolen tokens, worth about $6.5M, taken in the late-October exchange hacks. The fork still needs testnet sign-off, so nothing is final yet.
The token sits in a tight $0.09–$0.10 band, about 93% below its $1.29 high. Hold $0.09 and the recovery story might give buyers a reason to step back in; lose it and the drift probably drags on.
Would you trust a chain that rewrites history to undo a hack, or does that set a worse precedent?
#Polygon #Altcoins #BinanceSquare