Plasma (XPL) has experienced a significant price drop of over 11% as a major token unlock of 88.88 million XPL, valued at $18.13 million, takes place on November 25. The cryptocurrency's price has plummeted 36% over the past five days, nearing a potential low of $0.15.
The token's decline is accompanied by weakened chain activity, with decentralized exchange (DEX) trading volume falling sharply from $47.81 million to $8.39 million. Additionally, the total value locked (TVL) in stablecoins has decreased by 68% since October, indicating a broader contraction in the network's financial activity.
Plasma (XPL) Drops 11% Following Major Token Unlock
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