The XPL token from Plasma is still holding around $0.86 and is attracting the attention of traders expecting a price recovery. In the past day, trading volume exceeded the total token supply — the turnover ratio reached 1.1, making XPL the most active token on the market.
Despite high interest and a notable presence in the news, this has not yet been reflected in the market value. The open interest in XPL has frozen just below $1 billion, with 67% of it remaining in longs. In the last 24 hours there were long liquidations totaling $3.3 millio
The token remains one of the most active on the Hyperliquid platform. 56% of majorn. the peak at $1.67, which was reached on September 28, the price of XPL has been steadily declining. Even news about integrating ChainLink as the main oracle did not help change the trend. The project shows promise of becoming a financial hub with a stablecoin, but so far has not convinced the market of its usefulness, which has disappointed some early investors.

