XPL (Plasma) fell 5.64% in the last 24 hours.

Gate News Bot news, August 28, according to CoinMarketCap data, as of the time of writing, XPL (Plasma) is currently priced at 0.49 USD, a 5.64% fall in the last 24 hours, with a high of 0.55 USD and a low of 0.16 USD, and a 24-hour volume of 940,100 USD. Current market capitalization data is not available. XPL is currently ranked 3592nd in global crypto assets market capitalization.

Important news about XPL recently:

1️⃣ Hyperliquid platform XPL volume surges The 24-hour trading volume of XPL perpetual contracts on the Hyperliquid platform exceeds $158 million, with an open interest of approximately $50.5 million. The funding rate has reached nearly 0.15%, indicating a strong market enthusiasm for XPL.

2️⃣ XPL price short-term volatility The price of XPL experienced significant fluctuations on the Hyperliquid platform, reaching a peak of $1.8 in a short period, with an increase of over 200%. This abnormal volatility triggered a cascade of liquidations of numerous short positions, resulting in severe market turbulence.

3️⃣ Plasma has established a strategic partnership with WildcatFi Plasma announced a partnership with WildcatFi to jointly build a transparent private credit layer that supports a new global financial system. This collaboration aims to unlock lending models that traditional markets cannot support, including short-term financing facilities and support for T+0/T+1 real-time settlement, providing new possibilities for the expansion of XPL's application scenarios.

From a technical perspective, the price of XPL has fallen after experiencing short-term volatility, and the current trading price is significantly below recent highs, which may indicate some adjustment pressure. On the fundamental side, the partnership with WildcatFi provides new support for the long-term development of XPL, but in the short term, market sentiment may still be affected by price fluctuations.

This message is not intended as investment advice; investors should be aware of market volatility risks.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)