Announcements Gate Research: Plasma Token Down 90% From Early Peak | Bitcoin Faces $13.6B in Monthly Options Expiry

Gate Research: Plasma Token Down 90% From Early Peak | Bitcoin Faces $13.6B in Monthly Options Expiry

2025-11-27 05:59:21 UTC 10927 Read

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* Market Commentary: BTC and ETH have each reclaimed the psychological thresholds of $90,000 and $3,000, signaling a notable recovery in market sentiment. Several sectors — including exchange tokens, Layer-1 chains, and Meme coins — are showing signs of capital rotation. Merlin (+157.9%) surged over 150% driven by its mainnet upgrade and a short squeeze; XION (+98.6%) jumped nearly 100% boosted by KRW trading pairs; BANANAS31 (+66.6%) saw its trading volume spike to $470 million.
* Highlight Data: S&P downgraded Tether-USDT’s stability rating to “Weak” due to structural deficiencies in disclosure, asset segregation, hedging mechanisms, and counter-party risk management. The Cosmos community has initiated research into a new ATOM token economics model, exploring the use of ecosystem revenue for revitalization. Ethereum co-founder Vitalik donated 128 ETH each to privacy-focused messaging apps *Session* and *SimpleX*, reaffirming the importance of privacy.
* This Week’s Focus: The Plasma token has dropped 90% from its early-stage peak, with the project far from delivering on its ambitious promises — making it one of the most representative examples of a failed new-token listing this cycle. Supported by investor enthusiasm for AI, equities continue rising, while the crypto market — driven by excessive leverage — has seen Bitcoin fall more than 20% over the past month. This Friday, Bitcoin faces $13.6 billion in monthly options expiry, with 77% of contracts out-of-the-money; related hedging activity may continue to amplify short-term volatility.
* Next Week to Watch: HYPE, SUI, and EIGEN will unlock approximately $359 million, $68.51 million, and $22.62 million worth of tokens in the next 7 days, representing 3.7%, 1.2%, and 8.3% of their circulating supply. These unlocks may exert some short-term pressure on price movements.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-plasma-token-down-90-from-early-peak-bitcoin-faces-13-6b-in-monthly-options-expiry/14234" target="_blank">Gate Research: Plasma Token Down 90% From Early Peak | Bitcoin Faces $13.6B in Monthly Options Expiry</a>

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Gate Research: Plasma Token Down 90% From Early Peak | Bitcoin Faces $13.6B in Monthly Options Expiry

Gate Research: Plasma Token Down 90% From Early Peak | Bitcoin Faces $13.6B in Monthly Options Expiry

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