Polygon multisig wallet has staked nearly 53 million POL, worth over $4.8 million
Source:
arkm.com
According to monitoring data from Arkham, the address marked as a Polygon multi-sig wallet, “0xFA5”, has transferred a total of 52.928 million POL to the staking contract address, valued at approximately $4.82 million. Market analysis indicates that the recent increase in Polygon staking activity is related to rising APYs, which may also provide some support for POL and ease its downward price pressure.