The entire lifecycle of the Plasma project has been nothing short of amazing: 1️⃣ Deposit frenzy The first deposit round was filled instantly, with some people even spending 80 ETH on gas fees just to secure their spot. The second deposit window didn’t last more than half an hour either. 2️⃣ Hedging drama @Techno_Revenant, a trader, claimed that while half-asleep, they accidentally made a move on XPL contracts on HL. This mistake ended up netting them $20m in profit and pushed the contract price up by 20%, causing many hedgers to get liquidated. 3️⃣ Binance investment Binance partnered with Plasma for a financial product boasting an annualized return of 90%. This is nothing like the typical stablecoin yields—it’s basically like throwing a billion-dollar red envelope onto the streets. 4️⃣ TGE performance The XPL airdrop was massive, even giving 9,304 tokens to every public sale participant (even those who only spent $1). Yet, there hasn’t been significant selling pressure on the market. Contract positions show that many whales are actually going long. So far, aside from the hedgers who got liquidated, XPL has delivered for everyone: real-world application demand, generous airdrops, and strong price performance. We need more altcoins like this!