Market Status: The Real Challenge of High Opening and Low Closing

The unavoidable fact is that $XPL has experienced a roller coaster market since its launch in September 2025, with prices falling from a high of over $1.5 to around $0.2, resulting in a market value shrinkage of over 85%. On-chain stablecoin deposits have also significantly flowed out from a peak of $6.3 billion. This reflects the market's return to rationality from early speculation and exposes the core issue faced by the project: how to convert massive initial liquidity into sustainable, real on-chain activities, rather than just yield farming. @Plasma #Plasma

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