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Can Plasma's XPL holders withstand the $10.79 million token unlock impact?
Plasma's XPL token climbed 18% while still trading about 94% below its $1.68 all-time high, even as 88.89 million new tokens worth roughly $10.79 million were unlocked. Leveraged traders on Binance are heavily tilted long and exchange balances show net outflows, suggesting active demand is attempting to absorb the added circulating supply.