Plasma Founder Denies Insider Selling of XPL as Community Probes Possible TWAP and On-Chain Transfers

Plasma founder Paul Faecks denies insider selling after the XPL token plunged over 50%, stating team and investor allocations are locked for three years with a one-year cliff and that no team tokens were ￰0￱ founder denies team token sales XPL dropped from ~$1.70 to $0.83 in days, per TradingView price data Onchain sleuths reported >600M XPL movements from a team vault before launch Plasma XPL price crash: founder denies insider selling; learn what onchain data shows and how to verify ￰1￱ the timeline and key ￰2￱ happened in the Plasma XPL price crash? Plasma XPL price crash saw the token spike to almost $1.70 on Sunday and fall to $0.83 by Wednesday, erasing over 50% of ￰3￱ Paul Faecks publicly denied team selling, reiterating that team and investor allocations remain locked for three years with a one-year ￰4￱ did onchain analysis and TWAP selling claims emerge?

Community analysts used onchain tracing to follow XPL flows and flagged large transfers from a wallet identified as the Plasma team ￰5￱ sleuth ManaMoon reported more than 600 million XPL moved to exchanges in the lead-up to the ￰6￱ suggested the pattern resembled time-weighted average price (TWAP) selling, where a large position is split into many smaller orders executed at ￰7￱ perpetual contract chart on Binance.) breaks a large sell into many smaller orders executed at intervals to reduce market ￰8￱ members suspected TWAP after identifying repeated, evenly sized outflows to exchanges ahead of the price ￰9￱ Takeaways Founder denial : Paul Faecks says no team token sales and confirms vesting ￰10￱ alerts : Independent analysts reported >600M XPL moved from a team vault to ￰11￱ scrutiny : Observers cite possible TWAP-like patterns and call for transparent accounting of ecosystem and growth ￰12￱ The Plasma XPL price crash triggered intense onchain scrutiny and public denials from founder Paul ￰13￱ team allocations are claimed to be locked, community investigators have pointed to large transfers tied to a team vault and exchange ￰14￱ onchain analysis and transparent disclosure from the project will be critical to restore confidence. , "description": "Plasma founder Paul Faecks denies insider selling after XPL plunged over 50%, while onchain analysts flag large transfers from a team vault."