Plasma (XPL) has emerged as one of today’s top-performing cryptocurrencies, surging 26.3% over the past 24 hours to reach a current price of $0.110774 as of February 25, 2026, at 22:06 UTC.
Price Action and Volume Spike
The cryptocurrency experienced substantial price movement, trading between a 24-hour low of $0.086738 and a high of $0.114015. The surge represents a price change of $0.023061 from the previous day’s close.
Trading activity has intensified significantly, with 24-hour volume reaching $111.19 million. This volume surge accompanies the price rally, suggesting strong market participation and liquidity during the upward movement.
Market Capitalization Growth
Plasma’s market capitalization has expanded by 31.6% in the past 24 hours, adding $59.7 million to reach $248.6 million. This growth has positioned XPL at rank #153 among all cryptocurrencies by market cap.
With a circulating supply of 2.24 billion XPL tokens out of a total supply of 10 billion, the fully diluted valuation currently stands at $1.11 billion.
Recent Performance Context
The current rally extends Plasma’s 7-day gains to 19.3%, indicating sustained momentum over the past week. However, the token remains down 11.5% over the past 30 days, suggesting recent volatility in longer-term price action.
Short-term momentum appears strong, with XPL gaining 2.5% in just the past hour, signaling continued buying pressure at current levels.
Distance from Historical Levels
Despite today’s significant gains, Plasma remains 93.4% below its all-time high of $1.68, reached on September 28, 2025. The current price represents a 51.9% increase from its all-time low of $0.073026, recorded on February 6, 2026, just three weeks ago.
The recovery from the recent all-time low suggests potential accumulation and renewed interest in the asset, though traders should note the significant distance from peak valuations.
Market Implications
The combination of strong price gains, elevated trading volume, and market cap expansion indicates significant market interest in Plasma. The 31.6% market cap increase outpacing the 26.3% price gain suggests additional capital flowing into the asset beyond existing holder appreciation.
Market participants will be monitoring whether XPL can sustain momentum above the $0.11 level and potentially challenge the 24-hour high near $0.114. Volume sustainability will be crucial for determining if this movement represents a short-term spike or the beginning of a more sustained trend reversal.
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About the Author: Ananya Melhotra
