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September 25, 2025Cryptopolitan logoCryptopolitan

Plasma's XPL token rallies before mainnet beta launch

Plasma’s mainnet beta launch sparked a pre-market rally for XPL ￰0￱ asset expanded to $0.84 about an hour ahead of the official ￰1￱ tokens, the native assets of the Plasma network, were expected to enter price discovery on September ￰2￱ date was set for the official launch of the Plasma mainnet beta, expecting the first blocks to start from 12:00 ￰3￱ Cryptopolitan reported this week, the Tether-backed chain announced its launch ahead of time, potentially allowing the event to boost the token ￰4￱ rallied just ahead of the public beta launch, expecting a valuation of over $1B upon launch, with an almost immediate Binance listing. |) September 23, 2025 The Plasma project is one of the well-funded IEO, raising over $75M for a valuation of $500M.

The project raised $51M from a public sale and an additional $24M from VC ￰5￱ has gained support from Bybit, potentially expecting a relatively fast ￰6￱ Thursday, Plasma also expects to launch on Binance just an hour after the chain’s ￰7￱ projected market cap for the project is $1.49B based on free-float XPL ￰8￱ is a low-float token, with a total market cap of $8.28B. Will XPL trade close to $1? The XPL token is yet to show its price discovery and achieve mass ￰9￱ was relatively flat during pre-market trading, though the token launch suggests a rally coming ￰10￱ on Polymarket prediction pairs, XPL will launch with a valuation above $1B on its first day of ￰11￱ Hyperliquid, the token also continues with lively speculation, inviting 81 whales to take positions.

A total of 24 whales are shorting XPL, while 30 whales have taken long ￰12￱ biggest position is an XPL short with a notional value of $1.1M. The token has accrued significant social media hype, showing that despite the recent meme season, utility projects are making a ￰13￱ with other high-profile events, XPL and Plasma have also invited potential scams and malicious links for claiming XPL ￰14￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

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