XPL’s price has dropped a lot from its earlier high. It’s currently much lower than when it first launched. Recent reports show it has fallen by about 85–90% from its peak after launch.
Phemex +1
📊 What Happened Since Launch
Mainnet Launch: The Plasma network and XPL token launched its mainnet in September 2025 with a big hype and stablecoin support.
Bingx Exchange
Initial Surge: XPL initially went up and even had short periods of big price increases.
CryptoSlate
📉 Price Drop & Selling Pressure
After the launch, selling pressure and declining stablecoin supply caused the token’s price to fall sharply.
Phemex
There were accusations of insider selling, but the founder denied that the team sold their tokens.
Cointelegraph
🐋 Whale & Market Volatility
Big traders (whales) caused huge price swings—like a 200% rally in minutes on some platforms—which raised concerns about market manipulation.
Cointelegraph
📈 Predictions & Analysts
Some analysts think XPL might rise again in the future, but others are cautious because the market environment is weak.
Bitget
📌 Summary in Simple Terms
✔ XPL launched with big excitement and partnerships.
❌ Price fell a lot after launch.
⚠️ Market volatility and whale trading caused big ups and downs.
🧑💼 Founder says the team hasn’t sold tokens.