Within minutes, large buys sent XPL soaring 200% in pre-market trading on Hyperliquid, resulting in tens of millions of dollars in losses for short positions.

The stablecoin-focused blockchain is leveraging Binance’s reach to bring onchain stablecoin yields to a larger audience.

Users who staked stablecoins on Plasma were assigned XPL token allocations based on the value of their stake.

The hyped ICO for the Tether-backed 'stablechain' lived up to expectations, selling out in minutes.