Plasma Makes 1.76 Billion XPL Transferable in Scheduled Unlock

Plasma unlocked 1.76 billion XPL tokens, equal to 17.6% of its initial supply and 63.2% of its circulating supply. The release's value is estimated between $144.08 million and $197.60 million, according to conflicting estimates. The scheduled unlock makes the tokens transferable, potentially increasing selling pressure on the market.