XPL, the native token of the Bitcoin-secured Plasma blockchain, surged about 30% as traders anticipate the launch of tiered card memberships for the Plasma One neobank app next week. These memberships will reward users for locking XPL tokens, providing staking-like incentives linked to a Visa-backed physical card offering cashback and yield benefits. Plasma One operates globally with zero-fee USDT transfers and up to 4% cashback, aiming to bridge digital currencies with real-world commerce. Investors should watch adoption rates and lockup requirements closely, as most of the token supply remains unlocked, posing potential future selling pressure.
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 t...
Despite a 9.5% price increase to $0.068, Plasma's XPL token faces bearish pressure as the team sold 150 million tokens worth $9.64 million to Binance, signaling potential sell-off. Top holders also reduced their stakes by 20%, while traders show some...
