Polkadot Plunges 5% Today Despite Big Catalyst

Popular Layer 0 network Polkadot (CRYPTO: DOT) has been on a rather rocky ride in recent months. Today, that price volatility has continued, with Polkadot declining 5.2% over the past 24 hours, as of noon ET. 

This move comes despite the recent completion of the 15th parachain auction, which was won by Litentry (CRYPTO: LIT) with a bid equivalent to more than $16 million. Polkadot's parachain auctions continue to inspire bullish interest among some investors, with the completion of such auctions generally seen as a catalyst.

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Source Fool.com