Plasma's XPL Token: From $1.67 to 20 Cents
Update: 2025-11-26
Description
Plasma, a new cryptocurrency project, launched its mainnet in September, raising $500M. Its native token, XPL, was positioned as a major player in the stablecoin market. However, XPL experienced a significant token debut crash, dropping from $1.67 to around $0.20, an 88-90% decline. The projects lack of sustained interest and new developments, along with poor communication, has left investors questioning XPLs future.
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