$XPL closely today and the data around @Plasma is interesting. Current price action may look calm, but the fundamentals show there’s still strong activity behind the scenes. With a market cap around $291M and daily volume above $50M, Plasma is far from inactive. Circulating supply is just over 2B XPL out of a total 10B, which means there’s still room for long-term growth if adoption continues.
What stands out to me is how $XPL has been holding above recent lows after a big drop from its ATH. This kind of consolidation often tests investor patience, but it also filters out weak hands. Plasma’s ecosystem and transparency tools like plasmascan help build confidence, especially for users who value on-chain data.
I’m not chasing hype here—I’m watching structure, volume, and how the community grows. If @undefined keeps building and delivering, these quiet phases may matter more than the pumps. Slow periods are where real positions are built.
