98% of MATIC Holders in Loss: Can the POL Rebrand Spark a MATIC Price Rally?

Matic price is becoming a buzzword among the crypto community as the network’s deadline for rebranding the MATIC token to POL nears. Scheduled for September 4, the rebranding is part of Polygon 2.0’s roadmap to enhance the blockchain’s security and utility. However, 97.74% of MATIC holders are currently in losses. Will the rebrand provide the hype needed to bolster the struggling token?