Sandeep Nailwal, CEO of Polygon Foundation, shared his thoughts on the current status of the POL token, evoking positive expectations among crypto enthusiasts.
Call to Hold from Polygon Foundation CEO
The CEO of Polygon Foundation, Sandeep Nailwal, posted on X, urging, 'Hold.' This call ignited bullish sentiments among crypto enthusiasts, suggesting a promising future for the token. The post came at a time when POL (formerly MATIC) was displaying consistent price growth. Currently, the token has recorded a 1.32% price increase over the last 24 hours, with a value of $0.2715 against the US Dollar.
Bullish Trends in the Crypto Market
Overall trends in the crypto market remain bullish, with a total market capitalization of $3.96 trillion. Data from CoinMarketCap shows that the Fear & Greed Index currently stands at 47 points. The CMC20 Index has increased by 1.63% over the last 24 hours, reaching a value of $251.10. While the sentiment for POL is bullish, the Fear & Greed Index for POL is at 54 points.
Polygon's Achievements in TVL
Earlier in August this year, POL reportedly surpassed the $1.18 billion TVL milestone, indicating a rising level of trust and adoption within the Polygon ecosystem. Sandeep Nailwal took control of the Polygon Foundation as CEO on June 11, 2025, marking a significant moment for the ecosystem's future successes.
By combining successes in the crypto market with high TVL figures, Sandeep Nailwal instills confidence among investors, while it's important to remember the risks associated with market volatility.
