DeFi· ★★· bearish· October 4, 22:15

Doppler Finance's XDP Trades 54% Below Launch High as Range Tightens

—XDP trades at $0.02047, 54% below its $0.04409 launch-day peak
—24-hour volume of $338 million is roughly 16x the $20.5 million market cap
—About 1 billion of 10 billion XDP tokens circulate; FDV stands at $204.8 million
—Protocol TVL is $133.7 million, about 10% below the May 15 peak of $149.2 million

Why it matters: Extreme turnover against a thin float and 90% locked supply leaves XDP exposed to sharp moves once vesting unlocks begin.