Most commonly, $XPL refers to a blockchain / crypto project token that focuses on building real utility (like payments, apps, or ecosystem tools) rather than just hype. In posts and trading discussions, XPL usually means the native token of that ecosystem, used for transactions, fees, staking, or governance.

That said, XPL is not a single universally defined coin like BTC or ETH. Multiple projects and communities use the name, so the exact meaning depends on :

The blockchain it runs on

The exchange it’s listed on

The ecosystem or use case being discussed

If you saw XPL on Binance Square, charts, or a specific exchange, tell me where you saw it, and I’ll explain that exact XPL — utility, supply, and why people are watching it 🔍🚀 @Plasma #Plasma