Plasma crashed to $0.1014 with RSI hitting 20.63 - extreme panic territory. Down 86% from launch on 22.79M volume.
The problem just became obvious: XPL has no usage floor. Zero-fee USDT means users don't need to hold XPL, so there's no baseline demand.
Great UX, terrible tokenomics. Until Plasma shows real payment adoption metrics, this is just infrastructure bleeding while markets price in that nobody's using it.
XPL
0.1018
-6.34%