It’s always exciting when a new blockchain launches with a bang. Plasma is no exception. Its token, XPL, shot up quickly after the token generation event, only to fall just as fast. The plasma price went from highs around 1.7 dollars to roughly 1 dollar in just a couple of days. Traders are debating if this is the end of the hype, or just a pause before the next leg up.
In this blog we’ll take a look at the price action, some facts, and the rumours floating around. Keep in mind, rumours are not confirmed — they’re just noise in the market. But often, smoke means fire, so let’s unpack it all.
What is fact / reported
Plasma’s native token XPL saw a sharp rise then pullback. It spiked shortly after launch and retraced more than 30 percent in a matter of days.
Some analysts explained the drop as profit-taking by early investors or tied to vesting schedules and token unlocks.
There’s also concern about token emission pressure. A significant portion of supply is either locked or controlled by insiders. Reports warn that periodic unlocks could weigh on the plasma price in the months ahead.
Plasma price action so far
The first days of trading saw a huge influx of liquidity. The hype around stablecoin connections, big-name investors, and promises of airdrops drove buyers in. At 1.7 dollars, many early depositors and airdrop farmers made massive profits. But as quickly as it went up, it started to come down.
Currently, the plasma price is around 1 dollar. That’s more than a 40 percent correction in just a few days. For many, this feels like a rug pull. But corrections like this are common in new tokens, especially when airdrops are large and early holders rush to cash out.
Technical view
From a charting perspective, support seems to be forming near the 1 dollar level. If this holds, we could see consolidation before another push higher. If it breaks, the next support could be around 0.80 dollars.
Volume has also cooled off. That often signals profit taking and less speculation. But it also sets the stage for a cleaner base to build from. For now, traders should watch if Plasma can reclaim the 1.2–1.3 range. A strong move above that could bring momentum back.
Check out Hyperliquid vs Aster, the battle of DEXs and Farms.
Rumours circulating around Plasma
With new blockchains, there are always whispers. Some of these may be true, some may just be fear, uncertainty, and doubt (FUD). None of the points below are confirmed. Treat them as market chatter.
- Some people claim the team is selling tokens themselves, adding to the downward pressure. No proof has been provided.
- There are posts suggesting several team members worked previously on the Blast project. Whether that is true or not is unclear.
- Many users pointed out that the airdrop distribution was massive. Almost everyone who deposited got thousands of dollars worth of tokens. A large percentage of these were quickly moved to exchanges.
- Others say the links to Tether and Bitfinex are overstated. According to this theory, the project is capitalizing on the stablecoin hype without deep backing.
- Finally, there’s talk about future unlocks for team and investors. While this is factual in the tokenomics, the rumour is about whether insiders will sell early or wait until 2026 when large tranches unlock.
Again, none of these are confirmed. They’re just market gossip. But gossip matters, because it shapes trader sentiment.
Farming opportunities on Plasma
Besides price action, Plasma already has farming options. Liquidity pools are paying very high rewards, sometimes over 500 percent APR on PrjX. That’s where I decided to park part of my bag.
Personally, I bought a decent-sized position at an average price of 1.3 dollars. Yes, I’m currently down on that. But farming helps offset some of the paper loss, and I see it as a way to get more tokens while waiting for the market to settle.
I’m also watching closely for new farms to appear. Every hot chain brings new pools, meme coins, and incentives. Early farmers often reap the biggest rewards. For me, that’s a key reason why I think Plasma is worth keeping an eye on.
Support Our Work
If you found this helpful, consider signing up on BloFin (Non-KYC) or Bybit using our referral links. Your support keeps this content free and flowing.
Final thoughts
The plasma price fell hard, but that doesn’t mean the story is over. Early hype often turns into a messy correction. Rumours swirl, insiders take profits, and traders panic. But after the dust settles, projects that keep building can recover strongly.
My personal take? Plasma is a project to watch. I’m already farming and planning to join future pools. Price action is shaky, but that’s part of being early. If the team delivers on its promises, today’s dip may look small compared to what comes later.
If you enjoyed this blog, check out the recent blog on the hottest alt coins of the moment.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
