XPL Jumps 24% Ahead of $160M Token Unlock as Team Moves 300M Tokens
- —XPL rose 24.18% to around $0.11904, breaking through $0.11304 resistance
- —Unlock of 1.76 billion XPL worth $160 million equals 63.2% of circulating supply
- —Plasma team transferred 300 million XPL ($33.07 million) to an unknown wallet
- —Derivatives volume jumped 182.78% to $744.47 million; open interest up 52.16% to $302.6 million
Why it matters: An unlock of 63% of supply threatens price pressure, while crowded longs risk a liquidation cascade below $0.11304.
Source: AMBCrypto