Plasma Token Skyrockets After OKX Listing: Is $2 Next?

Plasma Token's Remarkable Comeback: XPL surges 80%

The Plasma token has made a remarkable comeback, surging 80% after major exchange listings. With its market cap booming and stablecoin inflows skyrocketing, the XPL cryptocurrency is gaining significant traction among traders and analysts. As traders show increased optimism, the question is: will XPL's upward trend continue to $2?

Plasma Token Soars

Since its mainnet launch on September 25, the Plasma token has been experiencing a major uptrend, sparking widespread enthusiasm from investors. After taking a notable dive immediately after the debut, the cryptocurrency managed to soar and maintain its positive momentum.

Although the crypto plummeted yesterday, it has shown a remarkable recovery from the plummet today, surging to a new all-time high of $1.59. At press time, the Plasma token has reached $1.50, up by 17% in a day. Over the last three days, the asset has skyrocketed by 81%.

Despite this positive trend, the altcoin is showcasing a negative sentiment among traders. This indicates that they are losing interest in it, driven by the recent plummet, uncertainty surrounding its future movements. This is evident from the massive 50% decline in the 24-hour trading volume, which is currently at $3.52 billion.

Exchange Listings

Significantly, the current rebound of the Plasma token is driven by the recent addition of the crypto to exchanges like OKX and HTX. Recently, OKX announced the crypto listing, with the spot trading starting from 4:00 pm UTC on September 25, 2025. Earlier today, the platform noted,

“With XPL, stablecoins become unstoppable: gasless USDT transfers, and letting users pay fees in the money they already hold. Traders, institutions, devs — the community deserves access from day one.”

Another prominent exchange, HTX, has also added XPL to its trading platform, joining the growing list of firms listing the asset. These developments have significantly impacted the crypto price, with XPL marking a major comeback.

What’s Next?

Driven by the prevailing sentiment and growing acceptance of the cryptocurrency, the altcoin is poised to reach $2 soon. As the altcoin has currently broken out of the consolidation range of $1.10 to $1.40, it is poised to $2 by the year-end.

In 2026, XPL's trajectory will be influenced by supply unlocks and the expansion of stablecoin infrastructure. According to Delphi Digital's base scenario, if the crypto secures a 10% share of the USDT market, its valuation could reach $10 billion. This could translate to a price range of $2.50 to $4.80, with $2.00 emerging as a strong support level.