Plasma’s native token XPL has been the talk of the market over the past 24 hours. Despite broader crypto uncertainty, XPL surged to an all-time high of $1.43 before cooling to $1.28, down 2.1% on the day. What makes this move fascinating is that it happened in the middle of a red market, where most altcoins struggled to hold gains. With a market cap now standing at $2.23 billion and 24-hour trading volume exploding by more than 355,000% to $6.77 billion, Plasma is forcing everyone to pay attention.