Data: Polygon multi-signature wallet has staked nearly 53 million POL, worth over 4.8 million USD

According to monitoring by Arkham, the address marked as the Polygon multi-signature wallet "0xFA5" has transferred a total of 52,928,000 POL to the staking contract address, valued at approximately 4.82 million USD.

Market analysis suggests that the recent increase in Polygon staking activities is related to the rise in APY, which may also provide some support for POL and alleviate its downward price pressure.