Let me say something that might not sound exciting first.

I’ve been watching XPL recently, but not starting with the price chart. I’m looking at the people and the rules first.

Because at this stage with overall market sentiment being what it is, relying on passion is useless. Relying on understanding mechanisms is what keeps you alive.

Two Points That Matter Right Now

Today I came across two points closely related to Plasma that are actually actionable. One is the data reality. The other is the activity dynamics.

The Data Reality Is Brutal

Current XPL price sits around 0.083 dollars. 24 hour trading volume roughly 48 to 50 million dollars. Circulating supply 1.8 billion. Market cap fluctuating around 150 million dollars.

But what’s even more painful is Binance’s price page directly shows the reality. About negative 74 percent decline over the past 90 days.

What does that mean? It means the bottom you thought you saw might just be a small buffer zone in someone else’s position exit plan. Don’t pretend to be brave here.

The Activity Side Gets Messy

The activity aspect is more interesting. The CreatorPad Plasma event runs from January 16 to February 12 UTC with a prize pool of 3.5 million XPL.

However the most contentious issue in the community recently isn’t the prize pool size. It’s the misjudgment of the points system.

Some content got marked as irrelevant resulting in no scoring. Binance Square stated this is a system issue and they’re correcting scores.

I almost laughed when I saw this. One of the most stable reliable things in crypto community is the rules occasionally breaking down.

My Current Strategy

So my current approach is using the most straightforward survival method. Post content without straying too far from guidelines. Don’t make fake moves in trading or interactions. Keep evidence screenshots when possible.

Don’t ask why. Just know I’ve been educated by system glitches before.