Could the next 100x crypto emerge just as XPL price faces a massive unlock? With Plasma (XPL), one of the most hyped stablecoin Layer-1 networks, about to release 88M tokens worth roughly $32M, investors are bracing for volatility.
The question is simple: will this unlock spark a recovery or a more resounding crash, and which project might offer better upside during the coming altcoin season? Let’s break down the data and explore whether the Plasma crypto narrative still holds weight, or if it’s time to look elsewhere.
What Is Plasma Crypto and Why Was It Hyped in the First Place?
Launched on September 25, 2025, Plasma was designed as a dedicated Layer 1 for the global stablecoin economy, supporting high-speed, low-cost USDT transfers with zero gas fees. It aimed to dethrone Tron (which processes 60% of all stablecoin transactions) by offering scalable infrastructure built for institutional adoption. Within 24 hours of its launch, Plasma surpassed $ 2 billion in TVL, making it the eighth-largest chain by stablecoin liquidity.
(Source – defillama)
The CPL crypto token underpins the network’s staking, governance, and gas subsidy model, enabling users to move USDT seamlessly via a “paymaster” system. Backed by heavyweights such as Founders Fund, Framework Ventures, Bitfinex, and Tether’s Paolo Ardoino, Plasma positioned itself as “thether chain”.
Its early metrics were jaw-dropping – $50Bn in USDT transfers and over 100 DeFi integrations, including Aave and Ethena. However, despite a blockbuster debut, XPL’s price, which soared 36x from $0.05 to $1.8 post-TGE, has now crashed ~80%, trading near as of late October 2025.
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Why the 88M Token Unlock Could Make or Break XPL Price?
According to on-chain data, around 88.9M XPL tokens (~1% of total supply) are set to unlock tomorrow, roughly 5% of the market capitalisation. Combined with other vesting rounds, this totals an estimated ~32M in near-term supply pressure. Historically, token unlocks of this scale tend to trigger 10-20% post-event volatility, as early backers or ecosystem wallets rebalance.
(Source – cryptorank)
Still, the fundamentals remain strong. Plasma continues to dominate stablecoin infrastructure discussions, with $4 billion locked in DeFi and yields of 10% on USDT farms. And the project’s staking and deflationary mechanisms may help absorb some of that selling pressure.
Plasma
2.43%
Plasma
XPL
Price
$0.0810
2.43% /24h
Volume in 24h
$24.11M
Price 7d
Learn more
price looks like it is currently sitting at $0.35 level, which acts as a support. The resistance levels to watch are $0.52 price level, just above the channel that has formed. Possible consolidation in that range can give the price “velocity” to escape it and shoot for the next resistance at $0.85. If that doesn’t happen, we can expect the XPL price to continue its downward trend.
(Source – TradingView)
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The Next 100x Crypto to Watch Instead – Snorter’s TGE Is Just 3 Days Away
Suppose you’re steering clear of potential XPL losses. In that case, another opportunity is heating fast: Snorter, a Telegram-based AI trading bot token that blends automated crypto trading with meme-driven virality. The presale has already raised over $5 million, with just 3 days left before the Token Generation Event (TGE).
Price at $0.1083 per token, Snorter offers staking rewards up to 102% APY, plus an ecosystem focused on copy-trading signals, sniping new launches, and executing MEV-protected trades directly inside Telegram.
Its user-first design mirrors the success of projects like Unibot and Banana Gun, but with a cleaner interface and multi-chain reach. With the presale closing soon and buzz spreading across Telegram groups and X, FOMO is growing as traders anticipate strong post-launch demand once Snorter hits the market.
For investors seeking the next 100x crypto, Snorter offers a fresh narrative at a low entry price, just as altcoin season starts to warm up. While Plasma may recover after its unlock, Snorter presents a cleaner short-term play with massive upside potential once its TGE goes live this week.
For the latest updates on the project, connect with the Snorter community on X and Instagram.
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