what happens with Plasma ($XPL)??? after the bull launch, price action of XPL made investors worried we could see series of unlimited red candles for sure, it's created the rumors about potential sell pressure from the team The main accusations include: the team allegedly selling tokens Plasma employees previously working at Blast/Blur (projects with a “soft rug” reputation) + Wintermute is in role of MM (with questionable reputation in space) investors investigated that they're behind this dump... ——————— ANSWER FROM THE TEAM: 1. founder debunked the rumors about token sales tokens of the team and investors have 3 years lock with 1 year cliff proof: 2. only 3 of ~50 team members are from Blur/Blast (it means nothing in this case) 3. Plasma hasn't worked with Wintermute as MM and don't have any insights on positions 4. quotation from @pauliepunt (founder): "We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community's support. Now back to work." ——————— IS IT AN OPPORTUNITY TO BUY OR ??? Advantages: - strong support from Tether, Bitfinex, Peter Thiel - quick growth of TVL on launch till $8B at ATH (bullish sign of demand) - L1 which is created for native transfers of stablecoins Disadvantages: - ~74% of circulated supply is focused on 3 CEXs (Binance/Ceffu/MEXC), while on DEXs only ~1.5M in liq pools (while MC = $1.6B ≈ 0.09%). High volatility risk - smart money played in short-term (quick flip), because of distribution phase - dump shook out veterans: big wallets’ return could spark the charts. Tether-backed L1 narrative still holds despite reputational hit ——————— CONCLUSION + MY MOVE even after this unforgettable accident, Plasma still keep a dominant positions on stablecoins narrative + Tether is still aligned with their product what will lead to bigger institutional inflows i still stay bullish, but already sold 80% of my position till the dump (which i took at $0.65 on pre-market phase) if the price will go to $0.65 and lower, i'm going to accumulate the token by ladder strategy for me this dump is just potential opportunity but at this time, it has a mark of MID-RISK dyor, nfa btw