Plasma’s XPL Token Dips Nearly 50% Amid Post-Launch Volatility
The stablecoin-focused Layer 1 blockchain Plasma, which recently launched its native token XPL, is facing sharp price declines following an initially strong market debut. Since its launch on September 25, XPL experienced a significant surge, doubling from an opening price near $0.80 to reach a peak of $1.67 within days. This impressive rise rewarded early ICO investors with returns exceeding 3300% relative to their entry price, and pushed the token’s fully diluted valuation (FDV) to approximately $17 billion. However, this momentum has not been sustained. Over the subsequent week, XPL’s value has nearly halved, currently trading around $0.87, which represents












