its mainnet launch in late September 2025, #XPL debuted strongly — trading above $1.20 and achieving multi-billion-dollar market caps on major exchanges like #Binance B

and OKX. �

AInvest +1

Since then, price volatility has been significant, with both sharp rallies (e.g., 17–23% surges) and deep pullbacks from earlier highs. �

Blockzeit +1

On-chain and exchange data indicate broad swings in sentiment, with short-term rallies often followed by profit-taking or sell pressure. �

AInvest

🚀 Key Market Drivers

Bullish factors:

Layer 1 stablecoin focus: #XPL is native to the Plasma network, aiming for fast, fee-efficient stablecoin payments — a utility that has drawn attention from some investors. �

Binance

Exchange listings and airdrop incentives: Spot listings and periodic airdrops have boosted liquidity and awareness among traders. �and #X