Plasma CEO Slams FUD: ‘No Sells, Just Drama!’

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In a moment of rare candor, Paul Faecks, the enigmatic CEO of Plasma (XPL), took to X to refute the latest rumors-those insidious whispers of treachery that have plagued the crypto world since the dawn of time. 🧙‍♂️

Plasma Founder Defends the Project

For days, XPL holders have been tormented by the specter of ex-Blast and Blur developers infiltrating Plasma, a conspiracy as plausible as a penguin in a sauna. 🐧🔥 Notably, both Blast and Blur have seen their tokens plummet by 90%-a testament to the fickle nature of crypto investors, who are as loyal as a dachshund at a buffet. 🐾

Paul, ever the diplomat, issued three defensive tackles, each more convoluted than the last:

  • No team members have sold any XPL. Paul assures us that the tokens are locked for three years, with a one-year cliff-a financial arrangement as secure as a bank vault… or a cryptic note from a rival. 🏦
  • Professional Plasma team-50 members strong, including three former Blast/Blur alumni. One suspects they were lured away by the promise of a more stable environment, like a Swiss bank account. 🇨🇭
  • No communication with Wintermute. A decision as prudent as it is mysterious, akin to a cat ignoring a laser pointer. 🐱

“We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community’s support. Now back to work,” Paul noted. A sentiment as genuine as a politician’s promise. 😏

XPL Price Remains Under Pressure

After a highly hyped market launch, the XPL price has dropped over 43% in the last four days to trade about 94 cents at press time. During the past 24 hours, XPL price dropped 6.6% while the wider crypto market gained in value. A true David and Goliath story, if David had a 90% loss. 🦅🐦

Nonetheless, XPL and Plasma are well-positioned to grow exponentially ahead amid the mainstream adoption of stablecoins. According to market data from CoinMarketCap, XPL has a market cap of about $1.69 billion and a 24 hour average traded volume of around $2.89 billion. A claim as convincing as a magician’s explanation for a vanished rabbit. 🧙‍♂️

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2025-10-02 02:22