Polygon multi-sig wallet transfers 52.928 million POL to sta
On October 25, PANews, Odaily Planet Daily, and Wu Blockchain all cited Arkham monitoring data, reporting that the address labeled as a Polygon multisig wallet, "0xFA5," transferred a total of 52.928 million POL tokens to a staking contract address yesterday, worth approximately $4.82 million. Previously, Polygon announced that under PIP-92 proposal, 27.3 million POL from fees would be used to support staking rewards from October 1 to December 1.
Event Timeline
- [10-25 11:23] Polygon multisig wallet stakes nearly 53 million POL, worth over $4.8 million (PANews)
- [10-25 11:25] Polygon multisig wallet transfers 52.928 million POL to staking contract, worth approximately $4.82 million (Odaily Planet Daily)
- [10-25 11:36] Polygon multisig wallet transfers 52.928 million POL to staking contract, worth over $4.8 ongs 52.928 million POL to staking contract, worth over $4.8 million (Wu Blockchain)
Background and Impact
According to Arkham monitoring data, PANews, Odaily Planet Daily, and Wu Blockchain successively reported on the morning of October 25 that the address labeled as a Polygon multisig wallet, "0xFA5," transferred a total of 52.928 million POL to a staking contract address yesterday, worth approximately $4.82 million. The transfer addresses, token amounts, and valuation figures disclosed by the three sources are consistent, and all point to Arkham's on-chain monitoring as the information source.
Regarding background, PANews and Wu Blockchain mentioned that Polygon official had previously announced that it would use 27.3 million POL from fees to support staking rewards from October 1 to December 1 under the PIP-92 proposal. Odaily Planet Daily's report only covered the transfer itself, without mentioning the proposal and reward arrangement. The materials do not clarify whether there is a corresponding relationship between the 52.928 million POL transferred this time and the 27.3 million POL under PIP-92.
Regarding impact, PANews cited market analysis suggesting that the staking reward arrangement "may also provide some support for POL, alleviating downward price pressure." This interpretation only appears in PANews, while Odaily Planet Daily and Wu Blockchain did not provide any market-level judgments. Users tracking POL price movements and staking trends usually check relevant data through channels such as Huobi HTX, Gate.io, Bitget, Binance, and OKX, with specifics subject to each platform's public information.
FAQ
### What is the relationship between this transfer and the PIP-92 proposal?
All three sources reported the fact of the transfer; PANews and Wu Blockchain also mentioned that Polygon will use 27.3 million POL from fees to support staking rewards from October 1 to December 1 under the PIP-92 proposal. The materials do not clarify whether the two are the same funds or have a direct corresponding relationship.
### How was the valuation of approximately $4.82 million derived?
All three sources cited Arkham monitoring data, with a uniform valuation of "approximately $4.82 million." The materials do not disclose the specific time point, price basis, or calculation method used for the valuation.
### What future time points are worth watching?
The only explicit time arrangement in the materials is the staking reward support period under the PIP-92 proposal, namely October 1 to December 1. In addition, the transfer occurred on what the October 25 articles referred to as "yesterday," and the materials do not address whether further transfers will continue.