{"id":59962,"date":"2025-11-23T19:31:42","date_gmt":"2025-11-23T19:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59962"},"modified":"2025-11-23T19:31:42","modified_gmt":"2025-11-23T19:31:42","slug":"plasma-xpl-crypto-loses-85-of-its-value-in-six-weeks-what-happened","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59962","title":{"rendered":"Plasma (XPL Crypto) Loses 85 % of Its Value in Six Weeks: What Happened?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">XPL crypto <\/p>\n<style>\n\t.cwp-coin-chart svg path {\n\t\tstroke-width: 0.65 !important;\n\t}<\/p>\n<p>\t.cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) {\n\t\tstroke: #008868 !important;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-trend.positive {\n\t\tcolor: #008868 !important;\n\t\tbackground-color: transparent !important;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive {\n\t\tborder: 1px solid #008868;\n\t\tborder-radius: 3px;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-trend.positive::before {\n\t\tborder-bottom: 4px solid #008868 !important;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend {\n\t\tbackground-color: transparent !important;\n\t}<\/p>\n<p>\t.cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) {\n\t\tstroke: #A90C0C !important;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative {\n\t\tborder: 1px solid #A90C0C;\n\t\tborder-radius: 3px;\n\t}\n\t.cwp-coin-widget-container  .cwp-coin-trend.negative {\n\t\tcolor: #A90C0C !important;\n\t\tbackground-color: transparent !important;\n\t}\n\t.cwp-coin-widget-container .cwp-coin-trend.negative::before {\n\t\tborder-top: 4px solid #A90C0C !important;\n\t}\n<\/style>\n<p>\t<span class=\"cwp-coin-widget-container\" data-id=\"xpl-plasma\" id=\"coin_widget_id_6923343f25f23\"><\/p>\n<p>\t\t<!-- name of the coin in the text --><br \/>\n\t\t<span class=\"cwp-coin-widget-wrapper\" data-id=\"xpl-plasma\"><br \/>\n\t\t\t<span class=\"cwp-coin-widget-holder \" style=\"background:#efefef;\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\" data-id=\"xpl-plasma\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon \"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/crypto-icons\/xpl-plasma.png\" alt=\"Plasma\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-label \">Plasma<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-symbol hidden\">XPL<\/span><\/p>\n<p>\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price hidden\">$0.1956<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend  positive\">0.53%<\/span><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t<\/span><br \/>\n\t\t\t<\/span><br \/>\n\t\t<\/span><\/p>\n<p>\t\t<!-- popup with basic info about the coin --><br \/>\n\t\t<span class=\"cwp-coin-popup-wrapper \" data-id=\"xpl-plasma\" style=\"\"><br \/>\n\t\t\t<span class=\"cwp-coin-popup-holder\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/crypto-icons\/xpl-plasma.png\" alt=\"Plasma\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-name\">Plasma<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-symbol\">XPL<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-price\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price-value\">$0.1956<\/span><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t\t<span class=\"cwp-coin-trend positive\">0.53% \/24h<\/span><br \/>\n\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-volume\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-volume-value\">$66.75M<\/span><br \/>\n\t\t\t\t\t<!-- <span class=\"cwp-coin-trend-holder\">\n\t\t\t\t\t\t<span class=\"cwp-coin-trend\">?<\/span>\n\t\t\t\t\t<\/span>                     --><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-chart\"><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-container positive\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<?xml version=\"1.0\" encoding=\"UTF-8\" standalone=\"no\"?><svg width=\"160\" height=\"40\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><defs><lineargradient 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\"><\/polyline><\/svg>\t\t\t\t\t\t\t<script>\n\t\t\t\t\t\t\t\t\/\/ Make SVG responsive\n\t\t\t\t\t\t\t\tjQuery(document).ready(function($) {\n\t\t\t\t\t\t\t\t\tvar svg = $('.cwp-graph-container svg').last();\n\t\t\t\t\t\t\t\t\tif (svg.length) {\n\t\t\t\t\t\t\t\t\t\tvar originalWidth = svg.attr('width') || '160';\n\t\t\t\t\t\t\t\t\t\tvar originalHeight = svg.attr('height') || '40';\n\t\t\t\t\t\t\t\t\t\tif (!svg.attr('viewBox')) {\n\t\t\t\t\t\t\t\t\t\t\tsvg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight);\n\t\t\t\t\t\t\t\t\t\t}\n\t\t\t\t\t\t\t\t\t\tsvg.removeAttr('width').removeAttr('height');\n\t\t\t\t\t\t\t\t\t\tsvg.css({'width': '100%', 'height': '100%'});\n\t\t\t\t\t\t\t\t\t\tsvg.attr('preserveAspectRatio', 'xMidYMid meet');\n\t\t\t\t\t\t\t\t\t}\n\t\t\t\t\t\t\t\t});\n\t\t\t\t\t\t\t<\/script><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t<span class=\"cwp-coin-link\"><br \/>\n\t\t\t\t\t\t<a href=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" alt=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" target=\"_self\" rel=\"nofollow sponspored sponsored\" class=\"cwp-coin-custom-link\" style=\"color:#ffffff; background: #e50123; padding: \"><br \/>\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t<\/span><\/p>\n<p>\t\t<\/span><br \/>\n\t<\/span><\/p>\n<p>\t<\/span> launched in late September 2025 as a new Layer-1 blockchain built especially for stablecoin payments. With backing from Peter Thiel, Tether, and Bitfinex, it started strong. Within two weeks, the chain held over $6.3Bn in stablecoins and reached a total value locked (TVL) close to $8.4 billion. The native token XPL traded above $1.50 at its peak. But now it seems like all the hype just\u2026 faded.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Btw what happened here, in a week stablecoins supply on Plasma nuked from 5b to 1.4b <a href=\"https:\/\/t.co\/9mcsqEZWxn\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/9mcsqEZWxn<\/a><\/p>\n<p>\u2014 ieaturfood (@ieaturfoods) <a href=\"https:\/\/twitter.com\/ieaturfoods\/status\/1992499616282251749?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Six weeks later, the picture looks very different. As of November 23, 2025, XPL trades near $0.20, down more than 85% from its high. Stablecoin supply on the network has fallen from $6.3Bn to $1.78Bn, and overall TVL sits at $2.7Bn.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto \u2013 Here\u2019s 10+ Crypto Tokens That Can Hit 1000x This Year<\/a><\/strong><\/p>\n<h2>Why Early Yield Farming Couldn\u2019t Save XPL Crypto<\/h2>\n<p>Most of the early growth came from yield farming. Around 65 % of the stablecoins on Plasma were deposited into lending protocols to earn XPL rewards. When the price of XPL began to drop, those rewards became worth much less in dollar terms. Users began withdrawing their stablecoins and transferring them to other chains, resulting in a steady outflow that persists to this day.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/pippin-erupts-263-in-24-hours-could-this-be-the-best-new-crypto-to-buy-right-now\/\" target=\"_blank\" rel=\"noopener\">PIPPIN Erupts +263% in 24 Hours \u2013 Could This Be the Best New Crypto to Buy Right Now?<\/a><\/strong><\/p>\n<p>Additional pressure comes from the token supply schedule. New XPL tokens are released regularly to early investors and the team. This ongoing increase in circulating supply, combined with lower demand, has pushed the price lower almost every week. $18.13M worth of XPL tokens is set to unlock next week, representing the largest upcoming release.<\/p>\n<p>Daily transaction counts on Plasma remain high, but most stablecoins that stay on the chain are still parked in lending pools rather than being used for payments or transfers. Without more real-world use cases, many observers expect the outflows to continue.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-312003\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-scaled.png\" alt=\"Plasma XPL crypto chart\" width=\"2560\" height=\"1760\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-scaled.png 2560w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-300x206.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-1024x704.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-768x528.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-1536x1056.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-2048x1408.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/IMG_1258-50x34.png 50w\" sizes=\"(max-width: 2560px) 100vw, 2560px\"><\/p>\n<p><strong>(Source:\u00a0<a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/plasma\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a>)<\/strong><\/p>\n<p>If XPL hits around $0.224 or $0.23, we could see a short squeeze, where individuals who bet against the token are forced to buy it back to cover their positions, potentially driving the price higher.<\/p>\n<p>In short, Plasma attracted a large amount of capital very quickly through high farming rewards. Once those rewards lost value and new tokens continued to enter the market, users began to leave.<\/p>\n<p>The project now needs stronger day-to-day usage of its stablecoin features to stop the decline and rebuild confidence.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in 2025<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        XPL\u2019s 85% crash stems from unwinding yield-farming incentives, shrinking stablecoin liquidity, and a major $18.13M token unlock that\u2019s pressuring price.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Unless real stablecoin usage grows, Plasma risks continued outflows, though a move toward $0.224\u2013$0.23 could trigger a short-squeeze rebound.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/plasma-xpl-crypto-loses-85-of-its-value-in-six-weeks-what-happened\/\">Plasma (XPL Crypto) Loses 85 % of Its Value in Six Weeks: What Happened?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XPL crypto Plasma XPL $0.1956 0.53% Plasma XPL Price $0.1956 0.53% \/24h Volume in 24h $66.75M Price 7d Learn more launched in late September 2025 as a new Layer-1 blockchain built especially for stablecoin payments. With backing from Peter Thiel, Tether, and Bitfinex, it started strong. Within two weeks, the chain held over $6.3Bn in [&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-59962","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\/59962","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=59962"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59962\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}