The post XPL Price Drops 46% Amid FUD — Can It Recover From Here? appeared on BitcoinEthereumNews.com.

XPL FUD has recently become the center of attention as the token’s price dropped more than 46% from its all-time high (ATH) in just a few days. The causes stem from rumors, ICO profit-taking pressure, and volatile market sentiment. The key question now is whether this is merely a short-term correction or a sign of a prolonged downtrend. Plasma FUD Spreading Amid Information Distortion Sponsored Sponsored Data from BeInCrypto shows that Plasma’s XPL price is trading around $0.9235, down 46% from its ATH three days ago. XPL price movement. Source: BeInCrypto The sharp decline of XPL originated from claims that Plasma “was developed by the same team as Blast,” a highly controversial project. Since its launch in late 2023, Blast has faced numerous incidents, including hacks, rug pulls, network outages, a lack of transparency in development, and heated debates over token distribution and airdrops. As a result, XPL’s price fell from $1.7 to $0.9 before recovering to current levels. However, some analysts have affirmed that this was merely baseless, even organized FUD, spread to create artificial selling pressure. This highlights an important reality: the crypto market is driven by supply and demand and highly vulnerable to manipulation through one-sided information. “After deep research and my personal connections in Bitfinex it was confirmed that this is just organized FUD with zero evidence,” one X user commented. Aside from FUD about the team, another reason is the unlocking of ICO tokens. Many early investors had gained 20x – 30x profits in just a few months, leading them to take profits. This caused a sudden surge in market supply, contributing to the price decline. According to crypto trader Alex Kruger’s observations, abnormal funding rates combined with large spot selling volumes indicate that the drop was mostly due to “spot dumping” rather than a…

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Filed under: News - @ October 1, 2025 9:25 am