{"id":54066,"date":"2025-06-11T19:41:16","date_gmt":"2025-06-11T19:41:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pol-price-surges-as-sandeep-nailwal-assumes-polygon-foundation-ceo-role\/"},"modified":"2025-06-11T19:41:16","modified_gmt":"2025-06-11T19:41:16","slug":"pol-price-surges-as-sandeep-nailwal-assumes-polygon-foundation-ceo-role","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pol-price-surges-as-sandeep-nailwal-assumes-polygon-foundation-ceo-role\/","title":{"rendered":"POL price surges as Sandeep Nailwal assumes Polygon Foundation CEO role"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image16-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image16-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image16-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image16-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Polygon token POL (formerly MATIC) price rose to highs of $0.24 on Wednesday.<\/li>\n<li>Gains came as Polygon co-founder Nailwal Sandeep announced he had taken control as the new Polygon Foundation CEO.<\/li>\n<li>Overall crypto bounce also helped POL price higher.<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/tag\/polygon\/\" target=\"_blank\" rel=\"noopener\">Polygon<\/a> ecosystem token, POL (formerly MATIC), has seen a notable price increase in the past 24 hours amid news co-founder Nailwal Sandeep is now the new chief executive officer of Polygon Foundation.<\/p>\n<p>Per data from CoinMarketCap, the price of POL was up 6% and at around $0.23 at the time of writing on June 11, 2025.<\/p>\n<p>The ex-MATIC token\u2019s value reached a high of $0.24 as the daily trading volume rose 48% to over $185 million.<\/p>\n<p>POL\u2019s market cap stood at around $2.45 billion.<\/p>\n<h2>Polygon jumps with other altcoins<\/h2>\n<p>POL price jumped amid overall gains for top altcoins and Bitcoin\u2019s rally to $110k.<\/p>\n<p>Ethereum, Solana, and XRP were among the top gainers, as was Stellar\u2019s price.<\/p>\n<p>However, more than the altcoin surge, the uptick in POL token\u2019s price coincided with significant leadership changes at the Polygon Foundation.<\/p>\n<p>Notably, Polygon co-founder Sandeep Nailwal <a href=\"https:\/\/x.com\/sandeepnailwal\/status\/1932748558786310228\" target=\"_blank\" rel=\"noopener\">announced<\/a> on June 11 that he was assuming full control of Polygon Foundation as CEO.<\/p>\n<p>The move comes a few weeks after co-founder Mihailo Bjelic became the third of four co-founders of Polygon to leave the project.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Important update from <a href=\"https:\/\/twitter.com\/sandeepnailwal?ref_src=twsrc%5Etfw\">@sandeepnailwal<\/a> \ud83d\udcaa <a href=\"https:\/\/t.co\/tPPRSgbUuc\">https:\/\/t.co\/tPPRSgbUuc<\/a><\/p>\n<p>\u2014 Polygon (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1932761860408852498?ref_src=twsrc%5Etfw\">June 11, 2025<\/a><\/p>\n<\/blockquote>\n<p>Bjelic stepping down from the Polygon Foundation saw him join Jaynti Kanani and Anurag Arjun, who were the first two to exit.<\/p>\n<p>Nailwal\u2019s move therefore signals a massive strategic pivot for Polygon.<\/p>\n<p>Bulls were also looking to extend gains as Polygon eyes further growth following key growth metrics in May.<\/p>\n<p>Among top wins for the ecosystem in the month was the spike in total transfers, which increased by 20%, from $67.4 million in April to over $81 million.<\/p>\n<p>Meanwhile, transfer volume rose 5.3% to $141 billion over the month, and active addresses surged 16.3% to 5.6 million.<\/p>\n<p>An increase in stablecoin supply, with the metric up 8.2% in May to $2.1 billion, also pointed to massive interest.<\/p>\n<p>This has contributed to POL\u2019s price breaking below $0.22.<\/p>\n<h2>Polygon Foundation\u2019s first CEO<\/h2>\n<p>In a detailed post on X, Sandeep Nailwal mentioned that he\u2019s Polygon\u2019s largest POL holder and a driving force behind its development.<\/p>\n<p>He is now the first CEO of Polygon Foundation, Sandeep noted.<\/p>\n<p>\u201cI\u2019ve always stayed away from moving into the CEO role because I\u2019ve been focused on building PF as an institutionally governed foundation. But right now, Polygon needs clear direction and focused execution, and that means stepping up,\u201d the Polygon co-founder wrote on X.<\/p>\n<p>Nailwal\u2019s leadership will see him oversee multiple entities around Polygon, including Polygon Labs, which will continue to be under the current CEO, Marc Boiron.<\/p>\n<p>While there are many areas of focus for Polygon Foundation under Nailwal, the new CEO notes that the team will deprecate the Polygon zkEVM platform.<\/p>\n<p>It means a zeroing in on both Polygon PoS and the Agglayer.<\/p>\n<p>Polygon PoS will target stablecoin payments and real-world assets (RWAs), while Agglayer aims to build a \u201ctrustless Internet of Blockchains.\u201d<\/p>\n<p>Meanwhile, Agglayer v0.3, set to roll out the week of June 30, 2025, will be feature-complete except for fast interoperability, slated for completion by Q3\u2019s end.<\/p>\n<p>The Agglayer Breakout program will spin off projects, including Polygon ZisK, led by Jordi Baylina, fostering airdrops for POL stakers.<\/p>\n<p>\u201cWith a healthy treasury and several hundred million in cash, we\u2019re in a great position to keep building for the long term, without any distractions or pressure to raise,\u201d Nailwal added.<\/p>\n<p>POL price reached highs of $1.29 in March 2024.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/pol-price-surges-as-sandeep-nailwal-assumes-polygon-foundation-ceo-role\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Polygon token POL (formerly MATIC) price rose to highs of $0.24 on Wednesday. Gains came as Polygon co-founder Nailwal Sandeep announced he had taken control as the new Polygon Foundation CEO. Overall crypto bounce also helped POL price higher. The Polygon [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":54067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54066"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54066"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/54067"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}