Plasma XPL

Where XPL sits in the market

#165 places Plasma in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real XPL volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 7 live XPL order books (Binance, OKX, Gate.io, MEXC, HTX, Upbit…). That is wider coverage than most assets ranked near #165 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

XPL against its all-time high

XPL is down more than 95% from its $1.68 peak (on 2025-09-28), leaving a 21.8x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For XPL the informative reference is the downside, which makes the range section below more relevant than this one. That high was set about a year ago, recently enough that it still anchors how most current holders frame the asset.

XPL across its historical range

The recorded range runs 23.0x, from $0.0730 to $1.68 — wide by the standards of traditional assets, moderate for this one's class.

XPL trades within 5.4% of the all-time low of $0.0730 set on 2026-02-06. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

XPL supply structure

Only 24.8% of XPL's 10.08 billion XPL total supply is circulating; 7.58 billion — 75.2% of the total — is not yet in the market. A float this narrow means the quoted price is set by a small fraction of the eventual supply, and the unlock schedule, not demand, is the dominant variable in the supply narrative. Thin float also amplifies both directions of any move.

What kind of asset XPL is

Plasma is a base-layer network, so XPL is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself.

CoinGecko files XPL under 6 categories, including BNB Chain Ecosystem, Layer 1 (L1), Binance HODLer Airdrops, Neobank, Echo Launchpad. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Plasma alert that is worth receiving

Plasma (XPL) — quoted on 7 venues we stream — high dated 2025-09-28 — rank #165. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →