CEO Paul Faecks Laughs Off XPL Token Sale Gossip – Here’s What He Really Said! 😎

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Well, well, well. Plasma’s CEO, Paul Faecks, has come out with a statement that could rival the drama of a telenovela. Apparently, no, no one from his esteemed team has sold their precious XPL tokens, despite what the rumor mill has been churning out. Phew, what a relief! 🙄

This grand revelation comes hot on the heels of the token’s grand debut, which had the blockchain detectives scratching their heads and scribbling notes like their names were Sherlock Holmes. The whispers started when team wallets made some sizable XPL moves right after launch. Naturally, the conspiracy theories surfaced, suggesting insiders were cashing in early. Cue dramatic music. 🎶

Faecks Speaks Out: ‘No XPL Sell-Offs, No Drama’

Paul, clearly tired of the incessant chatter, finally took to X (the platform formerly known as Twitter, remember?) to shut it all down. His response was clear and to the point: “No one has sold a single token, folks. All allocations are locked for three years, with a one-year cliff. So, relax, it’s a long-term game.” Talk about a mic drop moment. 🔥

But wait, there’s more! Faecks didn’t stop at token defense. He had to address the “former employees from Blast and Blur” accusation. Apparently, just because three of his 50 employees previously worked at companies with colorful histories, that doesn’t make Plasma a “retirement home for ex-Blasters.” In fact, Faecks pointed out, his team also includes ex-Google, Facebook, and Goldman Sachs folks. So, yeah, maybe don’t judge a book by its ex-employees. 📚

And then, the CEO had to tackle the ‘Wintermute’ elephant in the room. No, they haven’t hired Wintermute as a market maker, thank you very much. And as for insider knowledge of XPL’s ownership… well, you’re as in the loop as he is. Sorry, no backstage pass here. 🎭

As if all this wasn’t enough, Faecks ended his little speech with a promise that Plasma is “laser-focused on building the future of money.” So forget the drama, people! They’ve got bigger fish to fry, like creating the future of global finance. 🐟

Oh, and did I mention Plasma’s XPL token briefly trended on HyperLiquid? Yep, it was flirting with a fully diluted valuation of $8 billion. Not bad for a blockchain that’s here to make global money transfers smoother than your favorite smoothie. 🥤

Plasma’s TVL Hits $5.7B – Yeah, You Read That Right!

If you’ve been living under a rock, you might have missed that Plasma’s mainnet has been quietly gaining traction. According to DefiLlama (which, by the way, sounds like a cute pet), Plasma’s total value locked (TVL) has surged to a staggering $5.69 billion, earning a respectable spot as the sixth-largest stablecoin network. It’s sandwiched between Solana and Binance Smart Chain. 🍞

The launch wasn’t a fluke, either. Thanks to some seriously well-timed community campaigns and a June deposit drive that hit $1 billion in just over 30 minutes (talk about a power move), Plasma is on a roll. Plus, their $50 million public sale was oversubscribed by a cool $323 million. 😱

Oh, and Plasma isn’t stopping there. They’ve got a consumer app coming later this year called Plasma One, which is essentially a stablecoin-powered “neobank.” According to Faecks, it’ll help you save, spend, and send digital dollars – because who needs a physical bank when you’ve got the future in your pocket? 💸

So there you have it, folks. Plasma is here to stay, despite the drama. And if they’re right, your financial future might just involve a whole lot more stablecoins. No promises, though! 😉

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2025-10-03 00:06