While the broader market is navigating through a period of consolidation, the onchain data and price action for $XPL are telling a very specific story of strength. Looking at the latest metrics, it’s clear that the foundational interest in the @Plasma ecosystem is accelerating.
The Hard Numbers: Market Metrics
Based on the current data, the project’s health is reflected in several key indicators:
Market Cap: Sitting at $150.11 Million, showing significant room for growth as a specialized Layer-1 for stablecoins.
24h Trading Volume: We are seeing a massive surge of $58.49 Million (+22.35%). This spike in volume during a stable period indicates high liquidity and active accumulation by the community.
FDV (Fully Diluted Valuation): Currently at $834.21 Million, reflecting the long term issuance schedule for the 10 Billion total supply.
Price Action: The "V" Recovery
Looking closely at the 24 hour chart, we witnessed a classic "V shape" recovery. After touching a local support level around the $0.078 mark on February 9th, the price saw aggressive buy side pressure, pushing it back up to the current $0.08339 level. This quick bounce suggests that buyers are stepping in heavily at these support zones, viewing any dip as a prime entry point.
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