Plasma Network Unlocks 1.76 Billion XPL Tokens in Scheduled Release

Key Facts

11.76 billion XPL tokens were made transferable, representing 17.6% of the initial supply and 63.2% of the circulating supply.

2The estimated value of the unlocked tokens ranges between $144.08 million and $197.60 million.

The Plasma network executed a scheduled token unlock, making 1.76 billion XPL tokens transferable. TokenPost reported that this release represents 17.6% of the initial supply and accounts for 63.2% of the current circulating supply.

The estimated value of the unlocked tokens is positioned between $144.08 million and $197.60 million, according to TokenPost. This event followed a predetermined vesting schedule designed to distribute tokens to stakeholders, though the massive increase in supply is viewed as a bearish catalyst for the asset's price action.