$XPL imately $15.723K in short positions were liquidated at a price of $0.95482 on the Hyperliquid exchange. This event is part of a broader trend of significant short liquidations involving major players like Justin Sun, who has been linked to large trades on Hyperliquid, causing substantial price movements and liquidations.

Current Price:2 (up 38.07% in the last

Market Cap: $1.69 billion

24h Trading Volume: $6.62 billion (Futures: $5.60B, Spot: $1.02B)

Open Interest: $1.13 billion

Long/Short Ratio: 50.49% / 49.51%

🧠 Key Highlights

The Plasma mainnet beta launched today, with XPL trading on major exchanges like Binance and OKX. Early trading saw prices reach up to $1.54, resulting in a market capitalization exceeding $2.8 billion.

XPL serves multiple roles within the Plasma ecosystem, including as a gas token, staking asset, and reward token.

The launch is backed by over $2 billion in stablecoin liquidity, positioning Plasma as a significant player in the blockchain space.

⚠️ Market Outlook

The XPL market remains volatile, influenced by whale activities and broader market sentiment. Investors should exercise caution and stay informed about ongoing developments.

For real-time updates and detailed analytics, consider monitoring platforms like CoinGlass and CoinMarketCap.

Let me know if you need more detailed information or specific insights on XPL's market performance.$SPK

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