Paul Faecsk has denied any involvement in the recent price decline of Plasma XPL, asserting that he neither sold his personal holdings nor advised any significant token movements. The XPL token experienced a 35% drop in liquidity over two days, but no evidence has been found linking Faecsk to major transactions. Developers are currently investigating the cause of the liquidity crisis, while analysts draw parallels to the SUSHI crisis of 2022. In response to the situation, Plasma's team plans to release an open-source analysis to address community concerns and provide transparency.