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POL price outlook as Polygon implements key bug fix

  • Polygon’s token rose slightly amid a key network bug fix.
  • The POL price chart showed bears remain in control but upside momentum is likely.
  • Cryptocurrencies’ price currently mirrors the broader risk asset market.

Polygon’s token POL is up 1.6% as bulls try to break higher following a recent drop amid the proof-of-stake network’s node software bug that introduced a 10-15 minute delay in transaction finality.

But with the platform implementing an important fix, could the retest of the $0.275 area allow bulls to once again dominate?

The POL token’s jump to above $0.27 means the Polygon price is hovering near a key level above which buyers have previously rallied to $0.71.

Polygon rolls out key bug fix

On September 10, 2025, Polygon’s network announced its team had successfully implemented a fix to a bug that saw a node software malfunction cause a transaction finality delay.

While this briefly disrupted the decentralized applications (dApps) and remote procedure call (RPC) services, developers swiftly deployed a hard fork and software updates that have resolved the issue.

Specifically, the disruption stemmed from a bug in the Bor and Erigon node configurations, which impeded validator synchronization and milestone processing.

“We identified the cause of the finality issue and have rolled out v2.2.11-beta2 for Bor and v0.3.1 for Heimdall, the latter a hardfork to be implemented at 3PM UTC,” Polygon wrote.

Node restarts resolved issues for most validators and RPC providers, with the network achieving full consensus restoration shortly thereafter.

An update later provided more details:

“The hard fork has been successfully completed, and milestones are now processing normally along with state sync. Checkpoints are going through and consensus finalization has been fully restored on Polygon PoS.”

Polygon co-founder Sandeep Nailwal commented on the incident, emphasizing that this setback is part of the “growing pains” for the network.

The price of POL reacted negatively to the initial announcement, but looks set for a steady rebound alongside other top coins. On the bug fix and upgrade issues, Nailwal noted:

“The team is still monitoring the network closely and is investigating how this scenario occurred in the first place. I’m extremely grateful to our team of engineers for quickly identifying and resolving this issue, and for the patience and understanding of our community.”

POL price outlook

Sentiment across crypto presents a bullish outlook for tokens, but as seen in recent weeks, POL’s structure remains largely bearish.

After a breakout to the upper limit of an ascending channel on the daily chart, the token has dipped to leave buyers battling pressure below the $0.30 area.

POL price chart by TradingView

Technical indicators such as the RSI at 55 suggests room for bulls to grow. However, the MACD presents a mixed signal with a hint of a bearish crossover.

If upside momentum holds, POL price could target $0.54. Conversely, a dip below the $0.25 level could escalate the downturn to $0.20 and lower.

The post POL price outlook as Polygon implements key bug fix appeared first on CoinJournal.

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LINEA price analysis as muddled airdrop causes plunge despite high-profile listings

  • Linea price has plunged over 90% after a chaotic airdrop rollout.
  • Community backlash grew after Binance users claimed tokens first.
  • Ecosystem shows Linea has hit a $2.5B TVL despite tokenomics and governance concerns.

Linea’s much-hyped token launch has turned chaotic, with the LINEA price collapsing more than 90% within hours of its debut despite high-profile listings on Binance, Bybit, and OKX.

The token, part of ConsenSys’ zkEVM Layer 2 network, surged briefly on September 9 from $0.030 to as high as $0.046 after its exchange listings.

However, heavy profit-taking and a chaotic token airdrop process triggered a wave of selling that erased most of the early gains.

Linea’s token airdrop

Linea’s token went live on September 9 through what the project described as one of Ethereum’s largest community airdrops in years.

Roughly 9.36 billion tokens were distributed across about 749,000 eligible wallets, part of a wider allocation that placed 22% of the total supply in circulation at launch.

In an unusual approach, the distribution excluded venture capital firms, team members, and advisors, positioning itself as a community-first experiment.

The launch, however, did not unfold smoothly. Network congestion created long waits and higher fees for users claiming tokens.

To complicate matters further, Linea’s mainnet sequencer briefly halted block production just before the token generation event, stoking frustration.

Although the issue was resolved within an hour, the delay has already fueled perceptions of a bungled rollout at a critical moment.

Binance listing-driven spike faded fast

The project enjoyed immediate exposure on Binance, Bybit, OKX, Bitget, and other top platforms, helping the LINEA token price rally from its launch price of $0.030 to an all-time high of $0.046.

However, the gains evaporated within hours, and by the evening of September 10, LINEA had collapsed to $0.023, wiping out nearly half its value.

Some data points show the drop was even more severe on certain exchanges.

On OKX, for example, the auction-based launch initially steadied price discovery around $0.03, only for a flood of sell orders to overwhelm liquidity and drive the token as low as $0.024, a massive fall from a reported peak near $0.32.

The controversy surrounding the Linea airdrop

Beyond profit-taking, the airdrop process itself drew sharp criticism.

Community members reported delays in claiming their allocations, while Binance users appeared to receive tokens instantly.

Blockchain analysts later confirmed that the contract funding the community airdrop was deployed roughly 50 minutes late, giving exchange-linked recipients an advantage.

In addition, critics labelled the event as favouring centralised players in what was meant to be a decentralised distribution.

The perception of unfairness coincided with immediate selling pressure from those who secured allocations early.

With more than 15 billion tokens unlocked on day one, Linea’s circulating supply represented over 21% of its total issuance, a ratio considered unusually high for a new token.

This only intensified fears of inflation and short-term dumping.

Linea’s tokenomics fuel debate

Linea has attempted to distinguish itself through what it calls deflationary tokenomics.

A dual-burn model sends 20% of net Layer 2 fees to be destroyed as ETH, while the remaining 80% is used to buy LINEA from the open market and burn it.

The system is designed to create consistent buy pressure, setting it apart from rivals such as Arbitrum and Optimism.

However, Linea lacks a decentralised governance structure.

While 85% of the total supply has been earmarked for ecosystem growth, decision-making remains concentrated, leaving unanswered questions about transparency and long-term control.

LINEA price outlook

Despite the price collapse, Linea’s ecosystem metrics remain robust.

Its total value locked has surged to $2.984 billion according to data from DeFiLlama, with Aave alone holding more than $776 million on the network.

Daily active addresses average nearly 50,000, while decentralised exchange volumes recently surpassed $215 million in a single day.

But whether those fundamentals can support a price rebound remains unclear.

Eyes are on the $0.024 support level, with speculations that the selloff may have flushed out short-term holders, paving the way for a more stable market, although the scheduled token distributions, including the upcoming Linea Ignition program, could trigger another wave of declines.

The post LINEA price analysis as muddled airdrop causes plunge despite high-profile listings appeared first on CoinJournal.

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Bitcoin eyes $117k as PPI data boost chances of a rate cut

Key takeaways

  • BTC has reclaimed the $114k mark and is now targeting the $117k resistance level.
  • The core Producer Price Index (PPI) dropped 0.1% month-over-month, increasing the chances of a Fed rate cut next week. 

Bitcoin reclaims $114k

The cryptocurrency market has continued its excellent start to the week, with BTC and other leading cryptos currently in the green. Bitcoin reclaimed the $114k mark on Wednesday after adding 3% to its value over the past few days.

The positive performance comes following the PPI data release on Wednesday. The core Producer Price Index (PPI), which excludes food and energy, declined 0.1% month-over-month, which is lower than the 0.3% increase analysts expected. Annual core inflation eased to 2.8% from July’s revised 3.4%. 

The decline in inflation could pave the way for the Fed to cut interest rates next week. The CPI data will be published on Tuesday, and this could strengthen the Fed’s resolve. 

In an email to Coinjournal, XBTO’s Chief Investment Officer, Javier Rodriguez-Alarcón, stated that a Fed rate cut could spark Bitcoin’s next breakout. The analyst added that,

Macro conditions are also supportive: investors are widely expecting the Federal Reserve to begin cutting rates this month, which has lifted confidence across risk assets and reinforced Bitcoin’s role as a hedge. 

At the same time, the SEC has unveiled a more crypto-friendly rulemaking agenda, and Cboe is preparing to launch new long-dated Bitcoin and Ethereum futures, showing how policy and market infrastructure are moving in tandem.

BTC targets $117k resistance level

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has been performing well over the past few days. The momentum indicators are also bullish, suggesting that BTC could be preparing for another breakout.

BTC/USD 4H Chart

The RSI of 62 shows that buyers are in charge, with the MACD lines also within the bullish region. If the rally continues, BTC could surge past the first major resistance level at $117,424 in the coming hours or days. An extended bullish run would allow BTC to reclaim the $119k level.

However, the market might undergo a correction heading into the weekend. If that happens, BTC could retest the TLQ and support level at $110k in the near term.

The post Bitcoin eyes $117k as PPI data boost chances of a rate cut appeared first on CoinJournal.

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Native Markets takes an early lead in the vote for Hyperliquid’s USDH stablecoin

  • A high-stakes vote is underway to choose Hyperliquid’s native stablecoin.
  • The Stripe-aligned Native Markets has taken an early but slim lead.
  • The winner will control a 5.5 billion dollar prize and a key DeFi rail.

The opening shots have been fired in a high-stakes and hotly contested battle for the financial soul of one of crypto’s fastest-growing exchanges.

The race to mint Hyperliquid’s native stablecoin, USDH, is underway, and in the early innings, the formidable, Stripe-aligned Native Markets team has seized a tenuous lead.

But with the majority of voting power still on the sidelines, the ultimate prize remains very much up for grabs.

As of Thursday morning in Hong Kong, Native Markets has secured 30.8 percent of the delegated stake, a lead built on the back of heavyweight validators like infinitefield.xyz and Alphaticks.

Its closest rivals, the New York-regulated Paxos Labs and the innovative Ethena, are trailing at 7.6 percent and 4.5 percent, respectively. Other contenders, despite splashy proposals, have yet to gain significant traction.

The undecided whales and the path to victory

But this is not a race that will be won in the early stages. The bigger and more decisive picture is that more than half of the total stake—a commanding 57 percent—remains unassigned.

This silent majority includes some of the most powerful and influential validators on the Hyperliquid network, including the single largest, Nansen x HypurrCollective, which alone controls over 18 percent of the vote, and the institutional giant, Galaxy Digital.

The final outcome will be decided by where these titans ultimately land.

Their votes will determine whether Native Markets’ early momentum is a decisive opening salvo or merely a fleeting lead in a long and unpredictable war. The deadline for this crucial decision is September 14.

A prize beyond measure

The stakes of this contest cannot be overstated. This is far more than a simple token launch; it is a battle to wire a new stablecoin directly into the financial backbone of a DeFi powerhouse.

Hyperliquid currently holds a staggering 5.5 billion dollars in USDC deposits, a sum that represents roughly 7.5 percent of that stablecoin’s entire circulating supply.

Replacing that with USDH would be a monumental shift, redirecting hundreds of millions of dollars in annual Treasury yield to the winning protocol.

The contenders have come to the table with lavish promises to woo the validators. Paxos has pledged 95 percent of its earnings to buy back Hyperliquid’s native HYPE token.

Frax has promised 100 percent of its yield directly to users. Agora has offered 100 percent of its net yield alongside institutional-grade custodianship.

With Hyperliquid already commanding nearly 80 percent of the decentralized perpetuals trading market, the winner of this contest will not just be minting a stablecoin; they will be forging a new, foundational rail for the future of decentralized finance.

Market updates

  • BTC: Bitcoin is trading at 114,053 dollars, up 2.6 percent in the past 24 hours. The move reflects a short-term rebound fueled by positive risk sentiment, even as a longer-term consolidation continues.

  • ETH: Ethereum is trading at 4,373.99 dollars, up 2 percent, as investors shrug off a recent mass-slashing event that penalized over 30 validators, a sign of the network’s underlying resilience.

  • Gold: Gold is holding near 3,635 dollars an ounce after hitting a peak of 3,674 dollars on Tuesday. Investors are awaiting U.S. inflation data, while the investment bank ANZ has raised its year-end gold target to 3,800 dollars, seeing a potential peak near 4,000 dollars by next June.

The post Native Markets takes an early lead in the vote for Hyperliquid’s USDH stablecoin appeared first on CoinJournal.

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Mantle price surges 17% to near all-time high

  • Mantle price jumps to near all-time high as volume spikes 50%
  • This comes amid integration of HyperEVM via LayerZero, enhancing MNT’s utility across blockchains.
  • MNT is only 4% away from its ATH reached in April 2024.

Mantle (MNT), the native token of the Mantle Network, has skyrocketed by 17% in just 24 hours to hit $1.50 as bulls target a new all-time high. MNT also popped to a new all-time high in terms of market cap, gaining amid major Bybit announcement.

This has caught the attention of crypto investors as Mantle volume surges 50% to signal  growing interest in Mantle’s ecosystem.MNT’s price gain is largely fueled by recent technological advancements and strategic partnerships.

What catalysed the MNT price surge?

Mantle’s latest price spike came alongside gains for other cryptocurrencies as Bitcoin surged to above $114k. However, MNT’s spike can be attributed to a series of developments within the Mantle ecosystem.

A key driver is the integration of MNT with HyperEVM via LayerZero’s Omnichain Fungible Token standard, enabling seamless cross-chain mobility. 

This move expanded MNT’s utility, allowing it to operate across multiple blockchain networks, enhancing its appeal to developers and users. Also, Mantle’s focus on low-cost, high-speed transactions has attracted decentralized finance (DeFi) projects, boosting on-chain activity.

The broader cryptocurrency market has shown bullish signals, but Mantle’s performance stands out with its 17% surge pushing the MNT market cap to an all-time high of $4.8 billion. 

Mantle’s trading volume also increased as investors looked to capitalize on Bybit’s listing of 21 new MNT trading pairs.

Bybit also announced a reward program for Mantle holders. The market’s positive response to Mantle’s technological advancements and partnerships signals strong investor interest. As well as price action, Mantle’s total value locked has surpassed $1.8 billion, signaling traction across DeFi.

What’s next for Mantle price?

Mantle’s trajectory depends on its ability to sustain ecosystem growth and navigate market dynamics. This includes its partnership with LayerZero and potential new integrations which could further enhance MNT’s interoperability, attracting more DeFi and NFT projects.

Upcoming developments may also indirectly boost Mantle’s visibility in the layer-2 space,despite analysts warning that macroeconomic factors, such as regulatory shifts or broader market corrections, could impact MNT’s price.

With its robust infrastructure and growing adoption, Mantle price could hit a new ATH and target $2.00 or higher.

As the ecosystem evolves, MNT’s price movements will likely reflect its ability to deliver on technological promises and maintain investor confidence. Currently, the technical setup supports MNT price surge.

The post Mantle price surges 17% to near all-time high appeared first on CoinJournal.