#plasma $XPL #plasma $XPL XPL is the token of Plasma, a blockchain dedicated to stablecoins. The total supply is 10 billion tokens. The public sale price is $0.05, and it has received investments from institutions such as Tether, Peter Thiel, and others. It is positioned as a payment infrastructure for stablecoins, supports paying Gas fees with USDT, and offers free transfers. In August 2025, on the Hyperliquid platform, it was allegedly manipulated due to insufficient liquidity; within 5 minutes it surged by nearly 200%, causing massive losses for both long and short sides and exposing risks associated with DEXs.