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MATIC Exchange Outflow Increases Following Token Upgrade, Network Growth Decreases, and Dormant Circulation Moves

The outflow of MATIC tokens from exchanges has increased since the announcement of the token's upgrade, while the number of new addresses joining the network has decreased. The decision to transform MATIC into POL seems to have pleased holders, and if approved, it will be an upgrade rather than an exit.

Despite a decrease in network growth, MATIC's weighted sentiment has been steadily increasing, indicating a growing confidence in the asset. However, if exchange inflow outpaces outflow, MATIC could face selling pressure and a potential drop in value.

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