StoryFunding
Plasma raises $373 million in 10-day public token sale, over 7x its $50 million target
Plasma completed a public token sale in July 2025 that raised $373 million in just 10 days, exceeding its $50 million target by 7.5x. The XPL token was offered with a total supply of 10 billion, with about 1.8 billion circulating at launch and an FDV of $10.4 billion.
- Public token sale raised $373 million in 10 days
- Target was $50 million; oversubscribed by 7.5x
- XPL token: 10B total supply, 1.8B circulating, $1 launch price
- Fully diluted valuation at launch: $10.4 billion