Plasma's XPL token jumps 30% ahead of Plasma One card tier launch, boosting trader interest.

Plasma's native token XPL surged about 30% on June 12 as traders anticipated the launch of tiered memberships for the Plasma One card next week. This card, linked to Plasma's stablecoin payments app, offers cashback and yield rewards that depend on the user's membership tier, which requires holding or locking XPL tokens. The rally was supported by a 232% increase in trading volume and a 52% rise in open interest, indicating growing speculative activity. Despite the short-term boost, XPL remains in a longer-term downtrend with key resistance near $0.10, and risks remain due to the large unlocked token supply and inflationary tokenomics.