I want to share with you my vision of the current situation regarding the unlocking of XPL tokens as of the beginning of February 2026, as after the release of nearly 89 million coins, the market demonstrates resilience and the absence of panic sell-offs. The analysis of asset distribution shows that the largest share, about 45% of the supply, is concentrated in ecosystem funds and validators who are oriented towards the long-term perspective and use tokens for staking and network security, rather than for selling.
About 35-40% of tokens have reached centralized exchanges, which, although it created some pressure on the price, also provided the necessary liquidity for new participants. Early investors and the team, who hold 15-20% of the volume, remain passive and do not take profits at the current rate of 0.083 dollars, waiting for the price to rise above 0.12 dollars.
The key positive factor is the influx of new retail users, the number of which has increased by 12% over the past week, indicating an aggressive accumulation of assets by "fresh blood" amid the fears of small speculators. As a result, we see that the market is successfully absorbing the new supply, forming a reliable price support base and a foundation for further sustainable growth.
