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Tomorrow, XPL’s supply math changes violently. Plasma is scheduled to unlock 1.76B XPL on Sep. 25, worth roughly $160M at recent pricing. About 833M XPL goes to investors and another 833M to the team. Meanwhile, XPL is already down ~6.4% today near $0.0897 on OKX, with ~$89M in 24h volume. The unlock doesn’t guarantee selling. It guarantees the market has new math to price.