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In-Depth Analysis of XPL Plasma Coin
### 1. **Indications of Selling from the Core Team of XPL**
Based on recent investigations, **there is no on-chain evidence or credible confirmation indicating that the core team of Plasma (XPL) engaged in insider selling**. This rumor has been circulating since early October 2025, triggered by a 50% price drop after the launch, with allegations that the team associated with Blast or Wintermute did a dump. However, founder Paul Faecks (@pauliepunt) firmly denied this through a post on X on October 1, 2025, stating that **all team and investor tokens are locked for 3 years with a 1-year cliff, and there have been no sales by the team**. This is supported by media reports such as Cointelegraph and CryptoPotato, which confirm the denial without contradictory on-chain evidence. On X, the sentiment is mixed: most of the community accepts the denial, although there is sporadic FUD from accounts like @pragmaXPL accusing of scam without specific data. Overall, this appears to be speculative FUD that triggers panic selling, rather than team action.