Plasma (XPL) is set to undergo a significant token unlock, releasing 88 million tokens valued at approximately $32 million. This event, representing about 1% of the total supply, is anticipated to introduce market volatility, with potential impacts on XPL's price. The Layer-1 network, initially designed for stablecoin transactions, has seen its total value locked (TVL) surpass $20 billion shortly after launch, although XPL's price has since fallen 80% from its initial high.
In related developments, Snorter, a Telegram-based AI trading bot token, is being highlighted as a potential high-growth opportunity. With its token generation event (TGE) scheduled in three days, Snorter is priced at $0.1083, drawing attention from investors seeking the next significant crypto opportunity.
Plasma XPL Prepares for $32M Token Unlock Amid Market Volatility Concerns
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