XPL token jumps 30% ahead of Plasma One's tiered card launch next week

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.