$XPL https://t.co/vroiVjDXDI
$XPL https://t.co/vroiVjDXDI
So here is the @Plasma card volume:
Apr $1M → May $3.4M → Jun $9M → Jul $10.5M (so far)
$25M+ volume generated so far and every $$$ spend on this card creates two simultaneous effects on $XPL
1. Immediate demand via cashback (already 7.6M XPL distributed)
2. Duration demand via tier locks (10K/100K for 12 months)
This eventually leads to an unusual fee capture. Tho at $10M monthly volume the absolute impact is still small cuz it has a measurable coefficient on the token as one side distributes, the other locks.
The only thing that matters in my opinion is how much of the distributed XPL stays locked/held vs gets sold and that ratio will decide whether this becomes a demand floor tied to actual spending or just higher turnover.
$XPL could be an interesting intraday, I await confirmations. https://t.co/q7LV1gaoQm
$XPL is in one of those zones that give a lot to think about https://t.co/leYFEZBNuH