Plasma [XPL] experiences decline after airdrop surge – is the hype for the ‘new chain’ over?

XPL token has dropped over 11% recently, parallel to a stable market. Reasons include an airdrop hype fade and diminished trading activity, impacting user metrics negatively.

With 88.88 million XPL unlocking soon, worth 18.13 million USD, seller pressure is expected to increase. Current trends indicate a bearish sentiment as the price could potentially slide further.