Whale bags XPL at dip, logs 308% gain before rally
Plasma (XPL)
Editor:
Eugene Serbin
lookonchain.com reports that a whale wallet at address 0xb7e0 accumulated a large long position in XPL after a sharp price dip. The token fell from roughly $0.094 to $0.0815 within one hour on the evening of September 23. Accumulation began around 1:00 a.m. when the price was near $0.085 and continued via TWAP orders until 18:00 that day.
Three hours after the position was finalized, XPL staged a V-shaped reversal. The token is now trading at approximately $0.1141, up roughly 30.9% from the whale’s entry price. The position is valued at around $3.409 million with an unrealized profit of about $804,500.
This represents a holding return of approximately 308.9%. Additionally, spot trading volume for tokenized stocks on Base chain reached $1.3 billion over the past 30 days. This volume surged 153.8% month-over-month.
How the market reacted
Whalio's own Binance spot order flow for XPL, measured when this story was written up on 25 September 2026. Not the outlet's figures.
XPL is currently trading at $0.1108 with a 24-hour buy ratio of 52.0%, indicating a slight but consistent preference for buyers over sellers. The 1-hour buy ratio stands at 53.3%, showing that short-term buying pressure is slightly stronger than the daily average. Volume delta reflects this sentiment, with a positive +$109,195 in the last hour and a cumulative +$1,338,005 over 24 hours. This positive volume delta means that the total value of buy orders has exceeded sell orders during these periods. The 24-hour spot volume reached $32,149,658 across 576,735 trades, confirming active participation.
The latest daily buy ratio of 50.2% sits at the 66th percentile of the last 322 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for XPL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.9%, making today’s 52.0% reading nearly identical to the weekly norm. However, the 24-hour spot volume of $32,149,658 is 2.12 times the weekly average, marking this as an unusually active day for the coin. The 8-day price change of +26.8% aligns with the recent rally, while the 8-day volume delta totaled +$4,358,894. Net buying occurred on 6 of the last 7 days, suggesting sustained accumulation rather than a one-off event. This volume spike significantly outpaces the steady buy ratio, highlighting intensified trading interest.