News linked to both this project and an event.
Odaily Planet Daily reported that according to MLM monitoring, the 80 million XPL tokens (worth approximately $9.2 million) purchased by trader Technorevenant a few days after the XPL Token Generation Event (TGE) have not been sold yet, accounting for about 0.8% of the total supply. As the XPL price has recovered recently, its book unrealized loss has narrowed from a recent low of approximately $91 million to around $86.6 million.Analysts believe that this position size still holds significant market influence in highly volatile tokens, and the long-term idle holdings may continue to exert pressure or create potential selling pressure expectations on secondary market liquidity and sentiment.
According to on-chain analyst Onchain Lens (@OnchainLens), the Plasma team appears to have deposited 150 million XPL tokens—valued at approximately $9.64 million—into Binance five hours ago. The receiving address is suspected to be associated with the Plasma team, but no official statement has yet been issued by Plasma.