2025-12-10 07:05:38

Remember the two stablecoin public chains that claimed to be revolutionary?

Plasma's initial pre-deposit directly crowded the server, and its valuation soared to $16.9 billion at the craziest time. Stable is even more exaggerated, debuting with the aura of Tether's own son, how many people chased the story of the stablecoin public chain at that time and shouted that it was really fragrant.

The result? Now the FDV of XPL and STABLE has fallen below 2 billion.

On the contrary, a certain bigwig who is often compared has a circulation of 80.2 billion USDT in his hand and has the last laugh. The market is really not optimistic, but sometimes the more stable 😂 it is

It seems that storytelling is storytelling, and in the end it depends on who has the real guy in his hands.

XPL-4.11%

STABLE-18.45%

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pumpamentalist

· 12-10 07:35

Mom, this is the currency circle, the more fierce the story is told, the faster it dies

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ExpectationFarmer

· 12-10 07:35

16.9 billion fell to 2 billion, this is the currency circle, no matter how awesome the story is, it is in vain.

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IfIWereOnChain

· 12-10 07:32

Haha Another storytelling project has collapsed, this is the currency circle --- Plasma really blew the sky at the beginning, but now it pulls --- The revolution that was said to be good was still beaten by the big players who held the chips --- No wonder it is the right to speak and the amount of chips in the end --- No matter how good the story is, it can't stand FDV's waist cut, brothers --- That's why I only believe in projects with real applications now --- The era of storytelling has really passed, and now the market only recognizes chips --- XPL and STABLE fell from 16.9 billion to 2 billion, which is a huge drop

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TokenomicsPolice

· 12-10 07:31

Laughing to death, it is another "concept killing", no matter how fancy the storytelling is, it is in vain

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0xLostKey