XPL is the native token of Plasma, a new stablecoin‑focused Layer‑1 blockchain designed for fast, low‑fee USDT transfers and global DeFi utility, launched in beta on September 25, 2025.
At launch, XPL rallied strongly on elevated liquidity and DeFi deposits before entering heavy price discovery, briefly trading above earlier highs tied to mainnet hype.
Since its debut, the token has severely underperformed broader markets, dropping about 80%+ from peak levels amid weak trading activity, profit‑taking, and technical sell pressure.
Short‑term sentiment remains bearish, with price near key support zones after breaking below important technical levels and Binance incentive campaigns ending.
Analysts see potential stabilization if demand returns and key support levels hold, but persistent supply unlocks and macro conditions continue to dampen momentum.
XPL
0.1184
-8.50%