Plasma: XPL Public Sale Cap Remains at $500 Million, Fully Diluted Valuation at $5 Billion

The stablecoin project Plasma announced in an official statement that at 8:00 today, an emergency temporary notice was issued, and at 9:00, the deposit cap was reopened to reduce bot and sniper activity, creating opportunities for genuine participants. The $1 billion raised in deposits is not the XPL sale itself; the public sale of XPL has not yet begun. All funds will be bridged to the Plasma mainnet testnet and will remain entirely owned by the depositors. Depositors will participate in the sale based on their final unit ownership at the time of lock-in. The public sale terms remain unchanged: $500 million worth of XPL tokens will be sold, with a fully diluted valuation of $5 billion.