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Plasma (XPL) releases 4.8% of its circulating supply on Nov 25, 2026

Small  spread over the month  Nov 25, 13:00 UTC · in 29 days

1 new coin for every 21 already trading. A small, steady release of about $16.5M. On its own, this is unlikely to move the price much.
coins trading now (100%)new coins: 4.8%| strong line 10.4%
4.8%of circulating supply
$16.5Mvalue at today's price
2.28%of total supply
Nov 2513:00 UTC · in 29 days
< 1 dayof trading volume
$345.6Mmarket cap

The unlock equals less than one day of XPL's current trading volume ($62.7M a day). It is $16.5M against a market cap of $345.6M. $16.5M sounds large, but next to XPL's market it's a small unlock. That's 2.28% of total supply. The circulating figure matters more, because that's what trades today.

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What history says about small unlocks

In our archive, 41 of 79 small unlocks fell against Bitcoin in the 7 days before the date (average +1.9%). We measure each coin against Bitcoin so the overall market mood is taken out, and we look at the week before the date because that's when the move tends to happen.

Based on 305 unlocks from 2023–2026, with tests fixed in advance and checked on unseen data. Method →

Who receives the coins

Ecosystem incentives
$6.5M · monthly
Team
$5.0M · monthly
Investors
$5.0M · monthly

Teams and early investors often paid little for their coins, so even a lower price can be a profit for them. Treasury and ecosystem funds usually don't sell at once. In our own archive, though, the recipient type did not reliably change the outcome; the size of the unlock mattered far more.

How far along the schedule is

47.6% of all XPL is already unlocked; the rest is still locked for later dates.

Where it trades

Perpetual futures for XPL trade on KuCoin and Binance.

What this page can't tell you

Whether the recipients will actually sell, whether some already sold privately (OTC), and how much demand meets the new supply. Dates come from the project's published schedule and can move. XPL's price changed -3.8% in the last 7 days.

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Schedule: CoinMarketCap unlock calendar, DefiLlama emissions. Price and volume: CoinMarketCap. Updated 2026-10-27 13:31 UTC. Not financial advice.