Plasma (XPL) has attracted significant attention in the cryptocurrency market following its mainnet beta launch on September 25, 2025. As a Layer 1 blockchain specifically designed for stablecoins, Plasma provides an innovative solution with zero transaction fees and high throughput, positioning it as a strong competitor in the DeFi and digital payments sectors.
XPL Price Surge Post-Launch
Plasma is a blockchain built to transfer stablecoins like USDT without transaction fees. The native token of Plasma, XPL, functions as gas, staking, and reward token. With a total supply of 10 billion tokens, 1.8 billion of which were in circulation at the time of the launch.
After the mainnet launch on September 25, 2025, the price of XPL surged significantly, now standing at $1.23. The market capitalization of XPL is recorded at approximately $2.28 billion, with a fully diluted valuation (FDV) of $12.36 billion, reflecting high enthusiasm from investors.
In the first 24 hours, Plasma also recorded a total value locked (TVL) of over $2.476 billion, with decentralized exchange (DEX) trading volume reaching $117.15 million. This surge indicates that XPL has captured the attention of the broader crypto market, with strong expectations for its future growth.
Read more: Understanding XPL: Features, Benefits, Utility, and Tokenomics
Key Drivers of XPL's Potential
Several key factors can drive the growth of XPL, including:
- Strategic Partnerships: Integration with major platforms such as Binance and OKX expands market reach and increases token liquidity.
- Zero-Fee Stablecoin Transfer Model: The ability to transfer stablecoins without transaction fees attracts cost-sensitive users.
- Scalability and Security: Plasma is designed to handle large-scale transactions at low costs, ensuring high speed and capacity.
- Support from Prominent DeFi Projects: Backing from major DeFi projects like Aave enhances the credibility and market appeal of this token.
- Increasing Stablecoin Adoption: With growing demand for stablecoins, XPL has the potential to become a highly sought-after token in the crypto ecosystem.
Whale Activity and Its Impact on XPL
Whale activity (large investors) has played a significant role in driving the price movements of XPL. Some of the large transactions recorded include:
- Whale 0x8393 sold 249,900 HYPE worth $10.5 million and purchased 7.92 million XPL.
- Whale 0xcc07 deposited $6.27 million USDC into Hyperliquid and purchased 5.28 million XPL at an average price of $1.19.
- Whale 0xF555 deposited $6 million USDC into Hyperliquid and bought 5.7 million XPL at an average price of $1.05.
The total transactions from these three whales exceeded $18 million. Additionally, a whale under the username @RegbilTrades participated in XPL's initial offering, investing $571,800 to buy 11.44 million XPL at $0.05 per token. Currently, the investment has increased to around $11.8 million, recording an unrealized profit of over $11 million.
This whale activity shows a strong belief in XPL's potential and can influence market sentiment overall. However, it is important to note that whale ownership concentration can also add to price volatility depending on their buying or selling decisions.
Risks to Consider
Despite its great potential, there are some risks to be aware of:
- Token Unlocks in 2026: Around 2.5 billion XPL tokens will be unlocked in July 2026, which could create selling pressure and affect the price.
- Competition from Other Platforms: Plasma must compete with other platforms like Tron and Ethereum Layer 2 in providing infrastructure for stablecoins.
XPL is Available on the Mobee App
XPL is now available on the Mobee app. You can buy, sell, and trade this token. Follow these steps to buy XPL through the Mobee app:
- Registration and Verification: Register and complete the account verification process (KYC) first.
- Fund Deposit: After verification, deposit some funds into your Mobee wallet to make buying easier.
- Open Trade Menu: Access the Trade menu at the bottom of the app.
- Select XPL: Find XPL in the asset list or search by keyword "XPL".
- Select Trading Pair: Select a trading pair, such as XPL/USDT.
- Transaction Method: Determine the transaction method:
- Market Order: For the current market price.
- Limit Order: For a price you set yourself.
- Enter Amount: Enter the amount of XPL you want to buy and check the transaction information.
- Confirmation: Click "Confirm" to process the purchase.
Once the transaction is successful, you can find the XPL asset in the Wallet section.
Read more: Perpetual DEX Rapid Growth and Challenges for CEX
Conclusion
XPL shows great potential as a zero-fee stablecoin infrastructure. With support from major platforms and a significant growth outlook, XPL can become a key player in the DeFi and digital payment spaces. However, investors should be mindful of risks such as token unlocks and market competition.
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