Plasma Crypto XPL Token Raises $500M in Minutes - ICO Sellout
2025-06-10 08:28:59Plasma's XPL Token Sale Sells Out in Minutes: $500 Million Raised as Investors Bet Big on Stablecoin-Focused Blockchain
A Record-Breaking ICO in Just Minutes
In one of the most explosive token sales of 2025, blockchain startup Plasma completed a staggering $500 million initial coin offering (ICO) for its XPL token in under an hour—crushing its initial $50 million target and signaling overwhelming investor confidence in stablecoin infrastructure. The sale, hosted on the Sonar platform, saw participation from over 1,100 wallets, with a median allocation of $35,000 per investor. Some traders reportedly spent over $100,000 in Ethereum gas fees alone to secure their share, highlighting the frenzied demand.
Why Plasma? The Rise of Stablecoin-Optimized Blockchains
Plasma is building a blockchain explicitly designed for stablecoin transactions, addressing key pain points like high fees and slow settlement times on networks like Ethereum and Tron. Its key innovations include:
Zero-fee USDT transfers – A major draw for users frustrated by Tron’s rising gas costs, which have reportedly absorbed nearly half of all layer-1 fee revenue due to USDT transactions.
Multi-chain compatibility – Plasma is EVM-compatible, allowing seamless integration with Ethereum-based DeFi applications while leveraging Bitcoin’s security.
Confidential transactions – A privacy feature aimed at institutional adoption, particularly in cross-border payments.
The Stablecoin Boom: A Global Phenomenon
The explosive ICO reflects a broader trend: stablecoins are no longer just a crypto niche but a global financial tool. Recent data shows:
USDT issuer Tether now holds $113 billion in U.S. Treasuries, making it the world’s seventh-largest holder—ahead of Germany and South Korea.
Emerging markets like Africa and Latin America are rapidly adopting stablecoins for remittances and inflation hedging, with Argentina seeing 61.8% of crypto transactions in stablecoins.
U.S. regulatory momentum – The proposed GENIUS Act, though stalled, could soon establish the first federal framework for stablecoins, further legitimizing the sector.
Market Reaction and Price Action
While XPL’s post-ICO trading debut is still pending, Plasma’s existing token, PPAY, surged 36% in 24 hours following the news. Analysts note that the $500 million raise eclipses recent milestones like Circle’s (USDC issuer) public market debut, which saw shares jump 110% post-IPO.
What’s Next for Plasma?
With fresh capital, Plasma plans to:
Expand partnerships with major stablecoin issuers like Tether and Ethena.
Launch its mainnet with HyperLoop, a cross-chain bridge enabling near-instant, low-cost transfers between Ethereum and Plasma.
Target institutional adoption in payments, with Visa and Mastercard already exploring stablecoin integrations.
Expert Take: A Paradigm Shift in Blockchain Design?
"Plasma’s success underscores a market shift—investors aren’t just betting on ‘general-purpose’ chains anymore," says Will Clemente, a crypto analyst. "They’re backing infrastructure tailored for real-world use cases, and stablecoins are leading the charge."
Join the Discussion
Will Plasma’s stablecoin-focused approach disrupt Ethereum and Tron’s dominance? Share your thoughts on our X.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
CoinDesk: "Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays"
Decrypt: "Plasma’s $500 Million ICO: Trader Spent $100K in Ethereum Gas"
The Defiant: "Stablecoin Blockchain Plasma Fills $500 Million ICO Instantly"
TokenPost: "Plasma’s XPL Token Sale Sells Out in Minutes"
Yahoo Finance: "Plasma XPL Token Sale Attracts $500M"
NFT Evening: "Plasma’s XPL Token Sale Sells Out in Minutes"