Stablecoins are currently very popular, and traditional markets are also speculating on stablecoins. WEB2 has already started to be widely applied, and many government agencies and countries are also developing their own digital stablecoin systems.
There aren't many projects working on stablecoin public chains, and the one made by @Plasma is doing quite well, with zero transfer fees attracting a large number of institutional applications. The FDV has consistently been growing, and many people want to buy the dip, but be aware of some points:
Are you eyeing the XPL at $0.13 to buy the dip? First, take a look at the 'big unlock' on July 28, and don't become the fuel for big players cashing out.
#Plasma $25 billion TVL is indeed impressive, but as a rational investor, you need to understand its ledger. Currently, only about 20% of the circulating tokens are available, and the remaining 80% are locked up with large holders and the team.
The key date is July 28, 2026. At that time, the one-year lock-up release period will end, and tens of billions of XPL chips will flood into the market like a dam breaking. The current $14 billion FDV (fully diluted valuation) is actually under significant pressure in light of this event.
The officials are now desperately working on the Q2 staking plan and the EIP-1559 destruction mechanism, which is essentially trying to fix the 'reservoir' to lock in everyone's chips before the major unlocking in July.
If the payment transaction volume of Plasma does not outpace the unlocking speed by then, there will be significant price pressure. Therefore, the current XPL is more like a long-term gaming chip. If you want to play a short-term bet, you might need to be cautious about the 'great flood' in July.
If you have XPL in hand, would you choose to cash out before the unlocking in July or stake it to earn that yield and gamble with the project team?
