In the shadowed valleys of the crypto markets, where rumors spread like wildfire and trust is a fragile commodity, Plasma’s native token, XPL, has risen from the ashes-a phoenix of 15% gains. All hail the founder’s rebuttal, a beacon of clarity in a sea of FUD! 🌩️✨
Yet, the masses remain divided, their skepticism as stubborn as a mule in winter. Still, the platform thrives, with thousands of new souls flocking to its digital shores daily. Are they fools, or visionaries? Only time will tell. 🤡🔮
XPL Price Rebounds: Founder Denies Token Sale Allegations with a Wink and a Nod
Plasma, an Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain, stands as a fortress for stablecoin payments. Its token, XPL, fuels the fires of transaction fees and guards the network’s gates. A noble endeavor, or so they say. 🏰⚔️
Born on September 25, XPL burst onto the scene with the vigor of a newborn, securing listings on the grand exchanges. Binance, ever the patron of the crypto arts, anointed Plasma with its HODLer Airdrops, showering 75 million XPL tokens upon the faithful. A generous gesture, or a cunning ploy? 🤔💰
Alas, the honeymoon was brief. BeInCrypto, the harbinger of doom, proclaimed XPL’s 46% plunge, as analysts waved their red flags like bulls in a china shop. The whispers grew louder: ties to Blast, token sales, and a team shrouded in mystery. 🦹♂️🔥
Enter Paul Faecks, Plasma’s founder, with a statement as sharp as a guillotine. “No tokens sold,” he declared, “all locked for three years with a one-year cliff.” A bold claim, but will it silence the doubters? 🗡️🤥
Faecks, ever the diplomat, dismissed ties to Blast, noting only three of his fifty comrades had walked those troubled paths. The rest? Veterans of Google, Facebook, and Goldman Sachs. Impressive, yet the shadows linger. 🕵️♂️🌑
“We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community’s support. Now back to work,” he wrote, with the air of a man who has seen too much. 💼🚀
The markets, ever fickle, responded with a 15% surge. XPL rose from $0.88 to $1.01, a fleeting victory. Yet, at press time, it had retreated to $0.93, a mere 5.6% gain. The crypto gods giveth, and they taketh away. 📉😢
The community, ever vigilant, sniffed out new doubts. Transparency, they cried, is as rare as a honest politician! Ecosystem funds, growth allocations-where did they go? Analysts, with their spreadsheets and suspicions, demanded proof. 📊🕵️♀️
“So since they didn’t sell the 8% ecosystem funds they can just go ahead and withdraw it from the CEXs they’re holding it on back to the onchain vault, right? Would be easy to prove,” one sleuth remarked. 🕵️♂️🔍
And what of Blast? Three team members, they say, but is that enough to distance oneself from controversy? The jury is out, and the verdict is far from certain. ⚖️🤷♂️
Why New Users Flock to Plasma: Fools Rush In, or Geniuses at Work?
Despite the storm clouds, Plasma’s adoption soars. Hans, a voice in the wilderness, proclaimed 2 million transactions since launch, with 1.4 million in the last 12 hours. A testament to resilience, or blind faith? 🌪️🙏
Since our launch on Thursday, Plasma has processed more than 2 million transactions.
1.4 million of those were in the last 12 hours, more than Thursday and Friday combined.
We’re just getting started. 🚀- Hans (@hwbehrens) September 28, 2025
Dune Analytics, the oracle of data, reveals 5,000 new users daily, a staggering 70% of active participants. Organic growth, or a pyramid scheme in disguise? Only the crypto gods know. 📈🤯
Treeverse’s CEO, ever the optimist, dubbed Plasma the ‘closest exposure to Tether.’ A bold claim, but will it age like fine wine or sour milk? 🍷🥛
My LP is now fully XPL.
Team has dispelled the “selling” rumours.
Entirety of CT is now a community member, and by default an extension of the Plasma marketing department.
Trillions. 💸🚀- s4mmy (@S4mmyEth) October 1, 2025
As the crypto winds blow, the fate of XPL hangs in the balance. Will it rise like a phoenix, or crumble like a house of cards? The coming weeks will tell. Until then, hodl on, dear reader, and may the odds be ever in your favor. 🎲🙌
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2025-10-02 13:19