Plasma Vault Hit $200M: Will XPL Price Surge To $1, But Drop First?

The crypto world is excited as PlasmaFDN syrupUSDT Vault filled up in less than one minute! A total of $200 million USDT is now ready to earn syrupUSDT interest, Drips rewards, and XPL rewards after TGE.

This Plasma crypto news today had immediate effect on its native token, as XPL price surged around 3%, showing high investor confidence with increased trading volume.

Plasma Pre-Deposit Vault Launched Today: What Now?

The Plasma pre deposit vault hits $200M in just one minute, opened today at 9am EST / 1pm UTC. This was the last chance to get rewards before the mainnet starts.

The locker is very special because it offers many ways to earn giveaways, making it very attractive for investors.

Here are the main details:

• Timing: 9am EST / 1pm UTC

• Cap: $200 million

• Lock Time: 2 months

• Minimum Deposit: $125,000

• Accepted Assets: syrupUSDT, USDT, or USDC

• Anyone Can Join: Yes, permissionless access

Plasma and Maple Finance Partnership : Strong Support

This finance partnership offers an on-chain credit system stronger and to launch the syrupUSDT pre-deposit safe.

This stablecoin partnership gives investors different ways to earn rewards:

1. Rewards (after TGE): Tokens come without any lock, so investors can use them right away.

2. syrupUSDT Yield: Earn from lending to Maple Finance’s big borrowers.

3. Drips Rewards: Maple’s ongoing reward program gives a 50% boost to locker participants.

4. DeFi Opportunities: More syrupUSDT yield will come after the mainnet launch as $2 billion is now ready for borrowing.

This partnership is one reason we see the XPL price surge today.

XPL Coin Price Surge: Market Reacts to Vault News

After the vault announcement, price went up 3%. As per CoinMarketCap chart , it is now $0.6625, with a market cap of $1.22 billion and 24-hour trading volume of $156.76K, which is a huge 153.88% increase.

Looking at the charts of September 16, the token price went between $0.630 and $0.685 before settling at $0.662. This is normal in crypto markets, but the strong reasons behind price increase are: strong vault demand, the Maple partnership, and excitement for the mainnet launch.

Plasma Price Prediction: Could It Reach $1 Soon or Crash?

Coingabbar Experts are cautiously optimistic about the Plasma XPL coin. With the safe rewards and different ways to earn, some see XPL coin price prediction hitting $1 soon, However a short term dip looks imminent.

Investors see this as a rare chance to join early, earn rewards, and be part of a growing DeFi system. With Maple Finance support, and stablecoin integration, the ecosystem looks strong for the long term.

Conclusion

With Plasma pre deposit vault hitting $200M in just one minute, it shows how much people trust this stablecoin. Early investors can earn rewards, syrupUSDT yield, and Drips bonuses.

The Maple Finance partnership makes this project strong, as XPL price surge immediately. Price Prediction is also stating high potential for the coin, which makes it a key player in cryptocurrency DeFi space.