Upbit’s Polygon Network Suspension Disrupts Transaction Landscape for POL and GMT Tokens

Upbit’s temporary suspension of deposits and withdrawals on the Polygon network has caused noticeable disruption across the transaction flow for POL and GMT tokens. The exchange announced the halt after detecting irregularities linked to Polygon’s network environment, prompting a wave of user concern and a sudden slowdown in token movement. The suspension immediately caught attention across crypto communities as traders and project supporters tried to assess the potential impact.

The decision affected two major assets on the network: the newly transitioned POL token and the widely used GMT token from the move to earn ecosystem. Activity around both tokens experienced delays as users waited for clarification on Polygon’s network status and Upbit’s review process. The temporary freeze created a bottleneck for transfers, limiting the ability to move funds between wallets or onto the exchange.

Upbit stated that the suspension would remain in place until the network stabilized and all systems could be verified. The exchange emphasized user safety, noting that its primary focus was ensuring that deposits and withdrawals remain secure. Polygon developers also began reviewing the matter, monitoring performance indicators and coordinating with partners to pinpoint the root cause of the irregularities.

The pause created ripple effects across social channels where users shared updates, questions, and speculation about the timeline for full restoration. Many pointed out that Polygon has seen increasing activity due to growing app usage and token migrations, which can occasionally lead to technical stress. Others highlighted the timing related to POL’s ongoing transition, which has kept the token in the spotlight.

POL’s ecosystem has been preparing for broader adoption following its shift away from the original MATIC branding. With the token in an active transition phase, the Upbit suspension added extra attention to the rollout. GMT, meanwhile, remains a heavily used token within fitness and lifestyle apps, making smooth network activity essential for everyday user operations.

Market analysts noted that temporary suspensions are not uncommon when exchanges detect inconsistencies in blockchain performance. The goal is to ensure accurate balances, reliable confirmations, and safe user experience during unexpected network fluctuations. While inconvenient, such pauses often prevent larger issues from spreading across platforms.

As Upbit continues to investigate, the industry is watching closely for updates on both Polygon’s network condition and the timeline for reactivating deposit and withdrawal services. Users are expected to receive further announcements once stability is confirmed. For now, the incident highlights how closely interconnected exchanges and network infrastructure have become in the fast moving world of digital assets.