Stripe picked $XPL as a design partner and the price just hit a new low 👀
0.14680 to 0.05761. That's 61% gone. Stripe is building stablecoin cards with Plasma for 100+ countries, but the chart looks like nobody got the memo.
There's also a catch. About 227M XPL unlocks again on Nov 25, roughly 5% of supply.
Two weeks ago, a single liquidation made Hyperliquid's vault absorb 160M XPL.
Either the market sees something I don't, or it's about to be very wrong.
I'm watching 0.056–0.058 for a hold. Targets 0.0717 and 0.0916. Out below 0.0545.
Bottom or trap? Unlock day will tell.
#Plasma #Stablecoin #CryptoTrading
DYOR / NFA
0.14680 to 0.05761. That's 61% gone. Stripe is building stablecoin cards with Plasma for 100+ countries, but the chart looks like nobody got the memo.
There's also a catch. About 227M XPL unlocks again on Nov 25, roughly 5% of supply.
Two weeks ago, a single liquidation made Hyperliquid's vault absorb 160M XPL.
Either the market sees something I don't, or it's about to be very wrong.
I'm watching 0.056–0.058 for a hold. Targets 0.0717 and 0.0916. Out below 0.0545.
Bottom or trap? Unlock day will tell.
#Plasma #Stablecoin #CryptoTrading
DYOR / NFA