Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
I don’t think this is a team issue. It is more likely that a single holder with a large amount of $XPL has been selling steadily.
The most practical way forward is to identify this seller. The @Plasma team likely already has a good idea of who it might be. They could consider offering an OTC buyback instead of allowing continued market sales. This approach would reduce sell pressure and help stabilize the chart.
To the seller. Unless there is an urgent need for liquidity, selling at this stage is unwise. $XPL is sitting near a 300 million market cap and is not even in the top 100 on CoinMarketCap. The upside potential is huge and a strong move higher is very possible if heavy selling stops. If you already understand this but are dealing with personal financial pressures, then that is an unfortunate situation and I hope it resolves soon.
May we all find success, including the seller.
@pauliepunt @rongplace