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๐ขPlasma Founder Paul Faecks Denies Insider Dump Amid XPLโs 50% Plunge๐
๐ขXPL tumbled nearly 50% this week, sparking rumors of an insider sell-off. Paul Faecks, founder of Plasma, publicly denied any involvement, confirming team tokens are long-term locked for 3 years with a 1-year cliff to prevent dumping.
๐ถOn-chain data shows some token transfers to exchanges, but the team insists they are not involved. Following the statement, XPL prices have slightly recovered, though the community remains cautious about transparency and future moves.
$XPL #Plasma #PaulFaecks #CryptoCrash #TokenUpdate #TokenLock
๐ขXPL tumbled nearly 50% this week, sparking rumors of an insider sell-off. Paul Faecks, founder of Plasma, publicly denied any involvement, confirming team tokens are long-term locked for 3 years with a 1-year cliff to prevent dumping.
๐ถOn-chain data shows some token transfers to exchanges, but the team insists they are not involved. Following the statement, XPL prices have slightly recovered, though the community remains cautious about transparency and future moves.
$XPL #Plasma #PaulFaecks #CryptoCrash #TokenUpdate #TokenLock
๐ธ๏ธ Plasma CEO & Founder Paul Faecks Defends Team Amid XPL Token Selloff
Plasma (XPL) has faced a steep 43% price drop amid rumors linking the project to Blast and Blur, but CEO Paul Faecks has reassured the community that the team remains fully committed.
๐ Key Highlights:-
๐ด Team Token Lock:
โข No sales:
No Plasma team member has sold XPL tokens.
โข Lockup:
All allocations are locked for 3 years with a 1-year cliff.
โข Purpose:
Protect investor confidence and long-term project integrity.
๐ด Professional Team Background:
Team size:
Around 50 members.
โข Experience:
Members come from Google, Facebook, Square, Temasek, Goldman Sachs, Nuvei.
โข Blast & Blur:
Only 3 members previously involved in Blast or Blur.
๐ด Market Interaction:
โข Wintermute:
Plasma has not engaged with Wintermute market maker.
โข Focus:
Team remains focused on building the future of money, not responding to rumors.
๐ด XPL Price Pressure:
โข Recent drop:
Price fell 43% in 4 days, trading at $0.94 at press time.
โข Short-term movement:
Dropped 6.6% in 24 hours while the wider crypto market gained.
โข Market metrics:
Market cap $1.69B, 24-hour trading volume $2.89B.
๐ข Why This Matters:
โข Community reassurance:
Fends off FUD and preserves investor trust.
โข Team credibility:
Demonstrates a strong, experienced team behind XPL.
โข Growth potential:
XPL remains well-positioned amid the mainstream adoption of stablecoins.
๐ฎ Final Word:-
Despite short-term price pressure, Plasma (XPL) continues building long-term value with a professional team, locked tokens, and a clear roadmap for growth in the stablecoin and DeFi ecosystem.
#Plasma #XPL #TokenLock #DeFiGrowth #TokenSellOff
$XPL $USDT $USDC
๐ Key Highlights:-
๐ด Team Token Lock:
โข No sales:
No Plasma team member has sold XPL tokens.
โข Lockup:
All allocations are locked for 3 years with a 1-year cliff.
โข Purpose:
Protect investor confidence and long-term project integrity.
๐ด Professional Team Background:
Team size:
Around 50 members.
โข Experience:
Members come from Google, Facebook, Square, Temasek, Goldman Sachs, Nuvei.
โข Blast & Blur:
Only 3 members previously involved in Blast or Blur.
๐ด Market Interaction:
โข Wintermute:
Plasma has not engaged with Wintermute market maker.
โข Focus:
Team remains focused on building the future of money, not responding to rumors.
๐ด XPL Price Pressure:
โข Recent drop:
Price fell 43% in 4 days, trading at $0.94 at press time.
โข Short-term movement:
Dropped 6.6% in 24 hours while the wider crypto market gained.
โข Market metrics:
Market cap $1.69B, 24-hour trading volume $2.89B.
๐ข Why This Matters:
โข Community reassurance:
Fends off FUD and preserves investor trust.
โข Team credibility:
Demonstrates a strong, experienced team behind XPL.
โข Growth potential:
XPL remains well-positioned amid the mainstream adoption of stablecoins.
๐ฎ Final Word:-
Despite short-term price pressure, Plasma (XPL) continues building long-term value with a professional team, locked tokens, and a clear roadmap for growth in the stablecoin and DeFi ecosystem.
#Plasma #XPL #TokenLock #DeFiGrowth #TokenSellOff
$XPL $USDT $USDC
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