There's significant whale activity happening with $Poly right now. One major holder just dumped 18.8M tokens within the last hour alone, and all signs point to a coordinated exit—likely spreading the sells across multiple wallets to avoid shocking the market too hard. The buying pressure has basically dried up during this phase. Once this whale finishes unloading their remaining position, we should see the selling pressure ease up and price action stabilize. Market tends to recover pretty quickly once these large liquidations clear out.