Plasma (XPL) price dropped over 11% recently despite a green broader market, driven by upcoming token unlocks, declining on-chain activity, and reduced stablecoin TVL. This weakened the token’s short-term structure amid fading post-launch hype. Upcoming unlocks of 88.88 million XPL tokens worth $18.13 million on November 25 could pressure supply. On-chain metrics show declining DEX […]
Source: https://en.coinotag.com/plasma-xpl-price-may-extend-declines-amid-token-unlocks-and-weak-on-chain-activity
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