August 27, 2025

XPL Futures on Hyperliquid See $130M Wiped Out Ahead of the Plasma Token’s Launch

1x no leverage, account destroyed, only hedging 50% xpl allocation,” X user StableDruid wrote.The chaos comes just days before the official launch of Plasma’s XPL token. Plasma, a stablecoin-focused blockchain backed by Founders Fund, Framework Ventures, …

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