{"id":50281,"date":"2025-09-30T14:16:38","date_gmt":"2025-09-30T14:16:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50281"},"modified":"2025-09-30T14:16:38","modified_gmt":"2025-09-30T14:16:38","slug":"tether-backed-xpl-plasma-blockchain-falls-33-after-100-pump-what-is-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50281","title":{"rendered":"Tether-Backed XPL Plasma Blockchain Falls 33% After 100% Pump: What Is Going On?"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.benzinga.com\/Opinion\/25\/09\/47843476\/the-127-billion-secret-how-a-crypto-company-became-americas-18th-largest-government-debt-holder\"><strong>Tether<\/strong> (CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>)-backed stablecoin blockchain <strong>Plasma<\/strong> (CRYPTO: XPL) has retraced by over 33%, following its 100% price increase after the token launch on Sept. 25.<\/p>\n<p><strong>What Happened:<\/strong> Economist <strong>Alex Kruger<\/strong> <a href=\"https:\/\/x.com\/krugermacro\/status\/1972989283939332527\">explained<\/a> that a ~40% drop over two days was driven by profit-taking from recently unlocked non-U.S. initial coin offering participants, with abnormally high funding pointing to continued spot selling. <\/p>\n<p>Once this eases, a strong upward move is expected.<\/p>\n<p>Trader Altcoin Sherpa <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1972960829801701428\">noted<\/a> relentless selling with little rebound, taking a loss &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/09\/47942263\/tether-backed-xpl-plasma-blockchain-falls-33-after-100-pump-what-is-going-on\" alt=\"Tether-Backed\" xpl plasma blockchain falls after pump: what is going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tether (CRYPTO: USDT)-backed stablecoin blockchain Plasma (CRYPTO: XPL) has retraced by over 33%, following its 100% price increase after the token launch on Sept. 25. What Happened: Economist Alex Kruger explained that a ~40% drop over two days was driven by profit-taking from recently unlocked non-U.S. initial coin offering participants, with abnormally high funding pointing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50281","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50281"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50281\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}