#plasma $XPL As of February 9, 2026, Plasma (XPL) is trading in a consolidation range between $0.08 and $0.09, having recently hit a cycle low of approximately $0.073. While the coin is down significantly from its 2025 highs, the project is shifting its focus from speculative growth to functional utility as a specialized Layer 1 for the stablecoin economy. The network currently boasts over $2 billion in stablecoin TVL and has recently integrated with NEAR Intents to enhance cross-chain liquidity. However, the market remains cautious due to a massive token unlock scheduled for July 2026, where roughly 25% of the total supply will enter circulation. Investors are currently weighing the "zero-fee" payment adoption and new staking delegation features against this upcoming inflationary pressure.