Plasma Presale (2025): Sale History, Figure & Outcome
Plasma (XPL) was a layer-1 blockchain project focused on stablecoin infrastructure, launching its public token sale in July 2025. The project developed its own dedicated blockchain for stablecoin transactions.
| Token | Plasma (XPL) |
|---|---|
| Sale year | 2025 |
| Category | L1 infrastructure |
| Chain | Own stablecoin L1 |
| Documented figure | $373,000,000 |
| Outcome | listed |
| Data tier | 2 — research-lane verified |
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What the record shows
The sale attracted USD 373 million in commitments against a USD 50 million target, becoming seven times oversubscribed. Reports indicated the token later traded at valuations exceeding USD 4.5 billion in pre-market activity. The record shows the project was backed by cryptocurrency platform Bitfinex.
Era context: the presale era (2024–2026)
This sale occurred during the Presale Era when projects sold tokens directly through their websites without intermediaries. Many large fundraising totals during this period came from project disclosures rather than independent verification.
This sale is one of the 1,185 entries in our The Presale Era (2024–2026) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
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Sources
- https://www.coindesk.com/business/2025/07/28/stablecoin-focused-bitcoin-sidechain-plasma-draws-usd373m-in-oversubscribed-token-sale
- https://www.theblock.co/post/364476/bitfinex-backed-layer-1-plasma-raises-373-million-in-10-day-token-sale
- https://cryptototem.com/plasma/
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.