Polygon Will Not Close - A Joke That Doesn't Sit Well with Its Community

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October 7, 2026Hugh Bernard

<< This is not a closure announcement >>

Despite a notable return to a bullish trend in the cryptocurrency market, some projects continue to shut down after months of difficulties and declines that have ultimately harmed many of the weaker players in the ecosystem, such as the layer 2 Abstract, which just announced its permanent closure a few hours ago.

A complicated situation for the teams involved, but also for the community of users and associated investors, which is not really a laughing matter. Yet, it is in this context that the Polygon project has just published a strange message on its X account, in the form of an apparently dramatic alert.

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pic.twitter.com/K61bXjE991

--- Polygon (@0xPolygon) October 6, 2026

A statement that begins on a deliberately alarming note, indicating that << never, ever, would we have imagined having to write these words, but we have seen the announcements and analyzed the timeline. We wanted to take a moment to give you important information >>.

But then... what is so serious happening at Polygon? Absolutely nothing! Except for an obvious taste for dubious jokes and questionable communication techniques, as this publication then leads to an unexpected twist.

It is with a heavy heart that we must announce to you: this is not a closure announcement.
Polygon

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An << extremely bullish announcement >> planned for tomorrow

Why is this joke questionable, regardless of the fact that it mocks the numerous crypto projects that have indeed ceased their activities over the past few months?

Perhaps because the drop of over 90% in the price of its POL token since its last all-time high in March 2024 is not amusing its holders at all, just like the collapse of its TVL currently estimated at 713 million dollars, while it was nearing 10 billion dollars in June 2021.
The POL token has dropped over 90% since its last ATH

A bitter observation also made by the HIT9 account on the X network, which does not fail to remind that the project raised 450 million dollars in February 2022, only to end up with << failed partnerships with Nike, Reddit, Meta, Instagram, Starbucks, Stripe, and Google >>.

These guys are down 92% from their ATH, but they are making jokes. They are happy. They had gold in their hands. They turned it into lead.
HIT9

🗞️ Polygon: burn of 100 million POL and pivot to stablecoins, where is the project?

However, the essential point of this risky communication remains pending. Indeed, Polygon is taking advantage of the effect caused by its announcement of not closing to sell << a record year in payments, cross-chain settlements, wallet integrations, and on/off-ramp deployments >>. All this is accompanied by the promise of an << extremely bullish announcement >> that is set to occur tomorrow.

This allows Polygon to add one last layer, writing a conclusion aimed at its detractors: << to all those who thought we were going to fail: sorry for you, it must be hard to discover that you were wrong. Thank you for leaving them alone while they absorb the shock >>.

We can only hope that the promised announcement will live up to the bad taste of this publication...

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Sources: Polygon, HIT9
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Hugh Bernard1258 articles
Passionate about cryptocurrencies and the principle of decentralization for many years, I wish to share this experience with as many people as possible. I also focus on deciphering the issues associated with the evolution of this ecosystem within traditional finance.

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