Plasma Frenzy – $500M Staked in 30 Minutes, Led by Giants

This is getting out of hand. Plasma's staking cap has just been raised to 1 billion, but in a jaw-dropping rush, half of it—$500 million—was filled within 30 minutes.

Institutions aren’t sitting this one out. Amber Group’s associated wallet dropped $16.3M USDT, and Spartan Group followed with $5M USDT. But leading the charge? A whale wallet (0x790...41023) that’s staked a massive $50M USDC, dominating the leaderboard.

The speed, size, and aggression of these deposits hint at serious institutional conviction—and perhaps, something much bigger brewing.

Staking Contract: 0xd1074E0AE85610dDBA0147e29eBe0D8E5873a000