0xPolygon $POL Token Holders' Manifesto

I want to be an activist token investor for $POL and here is my manifesto, pls rt/share so @sandeepnailwal @0xMarcB can see this.

The goal is to have a radically transparent and NO-EXECUSE conversation. Full disclosure I own $MATIC with an average cost of $1.12 (I know, big bag holder here)

First of all, let's normalize token price discussion about @0xPolygon project because although the tech is cool, without the token we all wouldn't be here on CT. SEC already said it's not a security anymore.

Second of all, $MATIC being -46% in 1-Year return and 23% lower than 2022 bearmarket cycle bottom ($0.30) in the middle of a bullmarket is just UNexcusable, you’d have to be fumbling so hard for your token to perform like this. We need to admit this.

I don't want to hear the excuses of why it's ok for POL to be underperforming like this.

"MATIC will pump when ETH pumps" -> ETH already at ATH, POL is 92% below its ATH

"MATIC will pump when L2 pumps" -> just look at $MNT

"MATIC will pump when altcoin pumps" -> $POL is -94% against $OTHERS since Feb 2023, CMC ranking dropped from top 10 to almost being out of top 50 (#47 now)

These excuses are NOT VALID. There is nothing wrong with the market, there is something SERIOUSLY wrong with POL, and it's DOWN BAD.

At the moment without any changes, $POL belongs to the group of dino tokens (like $NEO) that's forever trapped in a death spiral.

Let me highlight to you what's most likely to happen. BTC and ETH tops out in a few months, $POL meanwhile struggles to reach $0.30, bearmarket comes, BTC and ETH have over -50% correction, $POL dumps another 90% to $0.02-$0.03 and falls off from CMC page 1 (out of top 100). Next bull cycle comes, it's officially a dino token, even reaching $0.30 would be a stretch. Less interest about the token = less users for the chain, eventually it's buried on page 10 of CMC and nobody even cares anymore. From $MATIC to $POL the number of holders already went down -84% (from 640k to 106k). You want to have a more lively chain? Pay attention to the token price.

There are a lot of strategic "mistakes" the team made from 2022 to today, I don't want to spend any time talking about it, because the past is the past. The only thing productive we can do is to learn from them and it seems like Sandeep has (hence he took over as CEO again in June 2025). The only thing I want to add here is about @agglayer, the only thing that Polygon Labs is betting on that supposedly will make Polygon great again, still hasn't been delivered. We have yet to see a working product and seeing real users adopt to this. v1 was originally supposed to launch in Feb 2024 but almost 2 years later, v0.4 with sub 10 second finality is still not released (the revised release deadline of "end of Q3" has recently passed). Be good if we have a update on this. PLEASE, NO MORE EXECUSES.

Here I want to take a moment to acknowledge the good work the team has been delivering, we do see that. However, $POL token price is still DOWN BAD. So we need to ask us a lot of WHYs here.

What could be the reason? Well, because more people want to sell than people want to buy. What’s the reason? Well, 2% token inflation creates 200,000,000 more tokens to be sold every year. That’s $200m of selling pressure if POL is $1. If POL is $5, that’s $1B worth of token being created and sold per year. Clearly, $POL doesn't have enough buyers who can absorb this many new tokens per year, so price goes down. The greatest crypto bearmarket in history (post FTX) took MATIC/BTC down -68% from the top to bottom. But since the 2% inflation was added, MATIC has been down -91% against BTC.

You may say, $SOL has a higher token inflation. Sure, if the token keeps going up, you can get away with ANYTHING. Solana inflates by 5% a year but it’s going up, so bullish speculators push it higher and absorb the 5% supply increase. It's not a big deal. But $POL is in a 3-year beartrend (lower high/lower low). There are no bullish speculators anymore. They all got burned and got out.

I want to give you guys some solutions here. Because if nothing is done, $POL is most likely to continue sliding down, the current equilibrium price with the 2% inflation could be $0.08-$0.10, even in the middle of a bull market.

The solution: do whatever you can to pump $POL to $0.71, which would mark the first higher high and the first macro downtrend reversal in 3 years. And bullish speculators will find whatever reason they can find (such as all the growth stats @0xPolygon had been posting) to pump the price even higher. at least $1-$2 is still possible by the end of this cycle. And after the next bearmarket, this project still has a chance for new ATH.

How to execute this is up to you. But I have some ideas.
1) Revise tokenomics. You don't need the 2% inflation anymore. The whitepaper where you outlined the 2% increase no longer applies, @Agglayer wasn't even in that whitepaper. The original plan changed, so should tokenomics. Change it back to fixed supply cap or taper it off. DO SOMETHING ABOUT THE 2%, ANYTHING.
2) Token burn/buybacks. Do you think $POL token is undervalued? If so, stop selling from the treasury. If so, burn or buy them back from the market. TALK WITH YOUR WALLET. FYI your CFO or whoever is managing polygon treasury should be fired.

Getting from $0.23 to $0.71 (3x) isn't hard. The old $MATIC did it in 48 days. As long as you restore token holder confidence and make people believe $POL isn't one of those dino coins, and can still go up, it should happen quite easily. Many such cases ( $ZEC recently 3x in 30 days and now ranking higher than $POL)

Whatever you choose to do, I urge you to do it ASAP. This bull cycle is on a timer here and could explode anytime. I don't have to tell you how painful crypto bearmarket is. If $POL doesn't pump soon, it never will. See you on page 10 of CMC by 2030. Dear @sandeepnailwal, you used to be the CEO of a $30B project, bet it felt a lot better than now right ($2.5B)? Just imagine how it would feel to be the CEO of a $200M project. If not managed carefully, that's precisely where POL is going to end up.

If you need help, I am all ears, hands and feet. Pls reply or DM. I am also a professional CFO in the tech & finance industry, and I will do anything to help you pro bono.

Lastly, If this post gets 500 engagements (likes, share, bookmark in total), I will give away 1000 $POL tokens to someone who interacted with this post. I welcome your reply ser @sandeepnailwal in public or in private. 🙏

#MVRV Z-Score is a standard deviation that pulls the extremes of #Bitcoin price and #BTC realized value. The higher Z-score = more overvaluation, vice versa. A key on-chain indicator

The Z-score had just moved into "undervalued" zone this week, last seen in Dec 2018 & March 2020 @glassnode #Bitcoin % Supply in Profit hit a new cycle low.

Currently BTC supply % in profits rebounded from 50% during the $20k crash, macro bottoms for BTC happened in the past when BTC supply in profits reached 40-50% level.

Getting closer. One more capitulation could do the job.

#Bitcoin has been making higher highs since the crash to $18k, but the recovery is nothing impressive after a crash of this magnitude.

I think #BTC might stay in this area for sometime waiting for July CPI number, macro decisions (Fed) and Q2 earnings/recession confirmation. But to be fair, this crash is significant because it has brought #Bitcoin down to the level in sync with previous cycle bottoms.

#200WMA gives a bottom target of $22.4k, #BTC is now below that.

BTC also resting on 1 fib extension level in this correction, like 2018 cycle bottom

13 years since #Bitcoin's inception, #BTC has never seen a secular #bearmarket (Monthly #RSI has never been oversold), eventually this will come.

Though I strongly believe BTC will have at least one more cycle to go before this happens, it is possible this has already began. In a secular bearmarket, the "only only" mentality gets tested then shattered. People will ask "how is this possible?", we saw a hint of this when #BTC fell below previous cycle top $20k.

Much alike #NASDAQ in dotcom age, for 14 years, it has always had higher highs...

If you think #Bitcoin cycle will continue and this is just a mid-cycle correction, then historically, this large drawdown (30% from ATH) should be an excellent buy.

Each time after new ATH, there are several >25% corrections, other than the last one in the cycle, all good buys. In the 2017 cycle, after #BTC passed the previous ATH of $1k, there were 7 corrections that are >25% (3 of them are >35%), except for the last one, the first 6 were all good buying opportunities. After the 6th correction, BTC went from $6k -> $19k ATH.

Due to the @Grayscale trust discount, #Grayscale had been selling their #Bitcoin bit by bit for almost 10 months now, on average selling 30-50 #BTC a week. In contrast, last December, #Grayscale was buying BTC aggressive due to their trust premium.

For example, from #Bitcoin's $20k to $40k move from Dec 2020 to Feb 2021, @Grayscale played an instrumental role, they purchased 60,240 #BTC during that period ($1.8B USD worth of BTC).