Tether-Backed XPL Plasma Blockchain Falls 33% After 100% Pump: What Is Going On?

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Tether-Backed XPL Plasma Blockchain Falls 33% After 100% Pump: What Is Going On?

benzinga.com/crypto/cryptocurrency/25/09/47942263/tether-backed-xpl-plasma-blockchain-falls-33-after-100-pump-what-is-going-on

Tether (CRYPTO: USDT)-backed stablecoin blockchain Plasma (CRYPTO: XPL) has retraced by over 33%, following its 100% price increase after the token launch on Sept. 25.
What Happened: Economist Alex Kruger explained that a ~40% drop over two days was driven by profit-taking from recently…

This story appeared on benzinga.com, 2025-09-30 14:01:28.