What to Know:
- DOT transfers are paused during the Hub Migration; avoid moving funds between chains today.
- The upgrade aims to make Polkadot faster, cheaper, and easier to use.
- DOT price fell 7.4% amid migration jitters, heavy selling, and technical breakdowns.
Today marks a key moment for the Polkadot (DOT) ecosystem as the migration of its asset functions to the new system parachain, the Asset Hub, goes live. The move is being framed as a “Big Day” by the team, and it comes with an important note for users: transfers of DOT are blocked during the migration period, so please do not try to send DOT between chains today.
What You Should Know Right Now
The migration to Asset Hub is part of Polkadot’s broader effort to restructure so that asset-management, smart-contract activity, staking, governance and other functions live on a dedicated system chain, leaving the base relay chain freer to focus on core performance. According to Polkadot, the shift is designed to make things faster, cheaper, and to deliver a better user experience.
Moving key functions onto system chains means the relay chain can scale its core tasks. The basic functionality being offloaded enables the network to aim for very high throughput in the future. Transactions on a system chain will cost a fraction, cited in some commentary as about one-hundredth of what they cost on the relay chain. With assets, staking, governance, and contracts all pooled under one chain, users and developers get a more unified experience.
To enable this migration safely, DOT transfers (especially deposits/withdrawals on exchanges) have been suspended ahead of the upgrade. For example, exchanges such as Binance and Bitget announced that deposits and withdrawals for DOT would be temporarily paused to support the transition.
What Users Should Follow
- Do not attempt to transfer DOT between chains today, especially if you see a “deposit/withdrawal disabled” message at your exchange. The pause is intentional and required for the migration.
- Do ensure you’re holding DOT in a supported wallet/exchange that has posted notice of readiness post-migration.
- Do remain aware that while your DOT holdings are unaffected in terms of ownership, liquidity is temporarily reduced.
DOT Price Action
Over the past 24 hours, DOT has fallen about 7.6%, to approximately US$2.57, underperforming the broader crypto market. This drop reflects several factors, like institutional selling, technical weakness, and migration-related uncertainty. At the time of writing, DOT is trading at about $2.57.
According to data, around 5.49 million DOT, which is $14.1 million, moved in large trades, more than double the average. This volume may have triggered a breakdown below the key support level of US$2.76. DOT has sliced through key support zones ~$2.92, and its 14-day RSI is nearing an oversold reading of 31.34, suggesting sentiment is weak. The temporary pause of DOT transfers adds a layer of uncertainty for short-term holders concerned about liquidity or timing.
In sum, the drop appears to reflect a “perfect storm” of large holders reducing exposure ahead of uncertainty, technical charts turning weak, and the migration event triggering caution. While oversold readings might tempt a bounce, the short-term trend remains downward until DOT can reclaim resistance around ~US$2.80.
Final Thoughts
This migration is a major infrastructure upgrade for Polkadot. Yes, it demands a temporary “pause” in transfers and introduces short-term uncertainty, but the long-term aim is to deliver a leaner, faster, cheaper and more user-friendly chain for assets and contracts. If you own or plan to hold DOT, now is a time for calm readiness, not panic. Watch for the resumption of withdrawals and deposits, and pay attention to the post-migration narrative. The price dip may offer an opportunity, but make sure you’re comfortable with the short-term risk.
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