1.67 billion XPL opens on 25 September.
Plasma's team and investor cliff. 1/3 of the team allocation and 1/3 of the investor allocation, together, on the 1 year anniversary of the mainnet beta launch.
The numbers Float today: 2.78B XPL, $269.5M market cap, $970.3M fully diluted
The cliff: 1,666,666,667 XPL, exactly 60% of the float, about $162M at $0.097.
Float after: 4.44B, a 1.6x expansion, still only 44% of total supply liquid
Context: XPL hit $1.68 on 27 Sep 2025 and sits 94% below it.
Trackers count the monthly tranches that land alongside. Plasma's docs give the cliff alone. And every dollar figure is stale the moment the price moves: one tracker says $158M, which implies $0.0898 against $0.097 today.