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🟢Plasma Founder Paul Faecks Denies Insider Dump Amid XPL’s 50% Plunge📉
📢XPL tumbled nearly 50% this week, sparking rumors of an insider sell-off. Paul Faecks, founder of Plasma, publicly denied any involvement, confirming team tokens are long-term locked for 3 years with a 1-year cliff to prevent dumping.
🔶On-chain data shows some token transfers to exchanges, but the team insists they are not involved. Following the statement, XPL prices have slightly recovered, though the community remains cautious about transparency and future moves.
$XPL #Plasma #PaulFaecks #CryptoCrash #TokenUpdate #TokenLock
📢XPL tumbled nearly 50% this week, sparking rumors of an insider sell-off. Paul Faecks, founder of Plasma, publicly denied any involvement, confirming team tokens are long-term locked for 3 years with a 1-year cliff to prevent dumping.
🔶On-chain data shows some token transfers to exchanges, but the team insists they are not involved. Following the statement, XPL prices have slightly recovered, though the community remains cautious about transparency and future moves.
$XPL #Plasma #PaulFaecks #CryptoCrash #TokenUpdate #TokenLock
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