Low Organic Usage:-
Despite ambitious TPS (transactions per second) claims, actual on-chain usage has lagged far behind expectations, which dampens real utility demand for XPL.
Token Unlock & Sell Pressure:-
Large vesting and unlock events (e.g., mid-2026 U.S. distribution unlock) could increase circulating supply and downward price pressure if demand doesn’t absorb the tokens.
Sentiment & Communication :-
Market sentiment shifted from hype to skepticism as updates and concrete usage milestones lagged, with some community members noting a communication gap from the project team.
Volatility & Speculation:-
XPL’s performance has been highly volatile — strong short-term trading interest can quickly reverse — making it more speculative than fundamentally stable at present. #Plasma $XPL
