{"id":53086,"date":"2025-10-02T17:30:38","date_gmt":"2025-10-02T14:30:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53086"},"modified":"2025-10-02T16:24:36","modified_gmt":"2025-10-02T13:24:36","slug":"plasma-xpl-token-insider-selling","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/plasma-xpl-token-insider-selling\/","title":{"rendered":"Plasma (XPL) Founder Denies Insider Selling Allegations"},"content":{"rendered":"<p><span data-contrast=\"auto\">Paul Faecks, founder of <strong>Plasma<\/strong>, has denied allegations of insider selling after the <strong>XPL token<\/strong> experienced a significant drop. Investors speculated that the team sold tokens after XPL\u2019s value fell by over 50% during the weekend. Faecks emphasized that the team\u2019s token allocations remain fixed for three years and that there is a one-year cliff. &#8220;No team member has sold XPL,&#8221; he said.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">XPL was officially launched on September 25 alongside Plasma\u2019s mainnet beta. The Layer 1 blockchain is designed to make stablecoin payments faster and cheaper. Following the launch, XPL spiked to nearly $1.70 on Sunday but steadily declined to $0.83 by Wednesday, losing more than 50% of its value.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/plasma-xpl-token-insider-selling\/#Community_Speculation_and_On-Chain_Analysis\" title=\"Community Speculation and On-Chain Analysis\u00a0\">Community Speculation and On-Chain Analysis\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/plasma-xpl-token-insider-selling\/#Team_Statements_and_Community_Reaction\" title=\"Team Statements and Community Reaction\u00a0\">Team Statements and Community Reaction\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Community_Speculation_and_On-Chain_Analysis\"><\/span><span data-contrast=\"auto\">Community Speculation and On-Chain Analysis<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">The price drop prompted the community to investigate XPL token flows on-chain. Independent researcher ManaMoon noted movements from the Plasma treasury, reporting that over 600 million XPL were sent to exchanges before the launch.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Community members suggested that these movements could have created selling pressure beyond retail buyers\u2019 capacity. One user, crypto_popseye, blamed both the team and algorithmic trading firm Wintermute for the price drop.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, Faecks clarified that Plasma never used Wintermute as a market maker and has no service contract with them. &#8220;We have the same public information regarding Wintermute\u2019s <a href=\"https:\/\/coinengineer.net\/blog\/plasma-xpl-price-drop-analysis\/\"><strong>XPL<\/strong><\/a> holdings,&#8221; he added.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-53090 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt-1024x618.png\" alt=\"\" width=\"1020\" height=\"616\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt-1024x618.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt-300x181.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt-768x464.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt-1536x928.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/plasma-xpl-usdt.png 1563w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Team_Statements_and_Community_Reaction\"><\/span><span data-contrast=\"auto\">Team Statements and Community Reaction<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Faecks reaffirmed that the team did not sell any tokens and remains focused on building the future of the project. Some community members criticized his statement, noting that the status of other token categories, such as ecosystem and growth tokens, remains unclear.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Team sales were denied; only investor allocations are active.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Community examined ecosystem and growth tokens closely.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Faecks stated the team is focused solely on the project and will provide no further comments.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">These developments are fueling speculation around XPL price movements and Plasma team transparency, as investors continue to monitor token flows closely.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Faecks, founder of Plasma, has denied allegations of insider selling after the XPL token experienced a significant drop. Investors speculated that the team sold tokens after XPL\u2019s value fell by over 50% during the weekend. Faecks emphasized that the team\u2019s token allocations remain fixed for three years and that there is a one-year cliff.<\/p>\n","protected":false},"author":36,"featured_media":53026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[11192,192,23713,58,24473,2231,17745,488,523,17748],"class_list":["post-53086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-altcoin-trends","tag-blockchain","tag-coin-prices","tag-cryptocurrency","tag-investor-speculation","tag-market-analysis","tag-plasma","tag-stablecoin","tag-token-sales","tag-xpl-token"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Plasma (XPL) Founder Denies Insider Selling Allegations - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Plasma founder denies insider selling after XPL token drops over 50%, addressing community speculation and token flow concerns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/plasma-xpl-token-insider-selling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plasma (XPL) Founder Denies Insider Selling Allegations - 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