XPL Forms Falling Wedge as Post-Unlock Selling Stays Muted
- —XPL trades near $0.072; a break above $0.080–0.085 is needed to confirm a reversal
- —About 70% of the 1.67 billion XPL unlocked in September stayed put for 10 days
- —Roughly 297 million XPL moved to exchanges or desks, another ~184 million to other wallets
- —Circulating supply is ~4.5 billion XPL (45%), with monthly unlocks through September 2028
Why it matters: Restrained post-unlock selling eases near-term pressure, but scheduled monthly unlocks will keep adding supply.
Source: DailyCoin