Plasma unlocks about 1.76 billion $XPL today, worth roughly $160 million, equal to 63.2% of its released supply.
The tokens go to the team and early investors after a one-year lock-up since Plasma's mainnet launched exactly one year ago today. A release this size relative to market cap tends to bring selling pressure if recipients decide to cash out early, though nothing guarantees they will.
The real signal isn't today's unlock, it's whether $XPL holds up over the next week once the new supply actually hits exchanges.
Are you watching $XPL through today's unlock or staying away until it settles?
#Plasma #XPL #TokenUnlock #CryptoNews #BinanceSquare
The tokens go to the team and early investors after a one-year lock-up since Plasma's mainnet launched exactly one year ago today. A release this size relative to market cap tends to bring selling pressure if recipients decide to cash out early, though nothing guarantees they will.
The real signal isn't today's unlock, it's whether $XPL holds up over the next week once the new supply actually hits exchanges.
Are you watching $XPL through today's unlock or staying away until it settles?
#Plasma #XPL #TokenUnlock #CryptoNews #BinanceSquare
