How does Plasma handle token unlocks and circulation?
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XPL operates on a total supply of 10B, with periodic unlocks to support ecosystem growth. The November 25, 2025 unlock released 88.89M XPL (~4.74% of circulating supply). Tokens are distributed directly to ecosystem initiatives, ensuring liquidity and adoption without central market dumps. Advanced users should monitor cliff vesting schedules to anticipate short-term supply pressure. -
Circulation control is key for long-term stability.
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Unlock policy will reveal how mature the ecosystem really is.