XPL is the native token of the Plasma blockchain, a new Layer-1 network focused on stablecoin infrastructure, zero-fee transfers, EVM compatibility, and global payment rails.
It functions as the gas token for transactions, staking asset for network security, and reward token for validators—similar to how ETH works on Ethereum.
After debuting on major exchanges like Binance and OKX with heavy initial liquidity, XPL’s price reached highs near $1.68+ but has since corrected sharply, trading around about $0.09–$0.10 USD (~৳9–৳11 BDT) recently.
The token is in price discovery mode, with price volatility due to early trading, vesting unlocks, and macro crypto market pressure.
Recent ecosystem developments like cross-chain settlement integrations and Binance engagement campaigns could support deeper utility and awareness.
XPL remains a high-volatility, speculative asset where future moves depend on adoption of the Plasma network and broader market sentiment.
@Plasma $XPL #XPLToken #xpl