April 2, 2026 | 8:07 PM UTC — Plasma (XPL) has experienced a dramatic price surge, climbing 20.2% in the past 24 hours to reach $0.128137, according to latest market data. The move comes amid exceptional trading activity, with volume hitting $190.7 million.
The cryptocurrency’s market capitalization now stands at $304.3 million, placing it at rank #127 among all digital assets. Market cap increased by $51.4 million over the past day, representing a 20.3% gain that mirrors the price action.
Intraday Price Action
XPL reached an intraday high of $0.128566 before settling at current levels, marking a significant recovery from the 24-hour low of $0.103375. This represents a daily trading range of approximately 24.4%, indicating heightened volatility and strong buyer interest.
The past hour alone saw a 4.5% price increase, suggesting continued momentum as U.S. markets close.
Extended Rally Continues
Today’s surge extends Plasma’s impressive weekly performance, with the token now up 39.5% over the past seven days. The 30-day chart shows a 13.2% gain, indicating sustained buying pressure throughout March.
Despite the recent rally, XPL remains significantly below its all-time high of $1.68 reached on September 28, 2025, currently trading 92.4% below that peak. However, the token has gained 75.1% from its all-time low of $0.073026 recorded on February 6, 2026.
Supply and Valuation Metrics
With 2.375 billion XPL in circulation out of a total supply of 10.04 billion tokens, the cryptocurrency’s fully diluted valuation stands at $1.29 billion. This suggests significant room for market cap growth as more tokens potentially enter circulation.
Volume Surge Signals Strong Interest
The $190.7 million in 24-hour trading volume represents exceptionally high activity relative to Plasma’s market cap, with a volume-to-market-cap ratio of approximately 62.7%. This elevated ratio typically indicates strong trader interest and potential for continued volatility.
This is a developing story. Market data current as of April 2, 2026, 8:07 PM UTC.
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About the Author: Ananya Melhotra
