Det offentlige salget av @PlasmaFDN XPL nærmer seg 3x overtegning, med 147,5 millioner dollar i forpliktet kapital. I vårt notat fra forrige uke delte vi vår spådom om å se en tilstrømning av kapitalforpliktelser i de siste timene av salget. Med salget som ble avsluttet på mindre enn 12 timer, ser det ut til at vi hadde rett. Det @PlasmaFDN salget er nå 2,95 ganger over-subbed, med 1,75 millioner gjenværende tildeling som ennå ikke er gjort krav på. Den nåværende gjennomsnittlige overtegningen er 4 477x, og medianen er 1,86x det gjennomsnittlige over-sub-beløpet ser ut til å være skjevt av opportunistiske adresser som var i stand til å få bokstavelige øre inn i Plasma-hvelvet i tide. For eksempel klarte 0x76899a7D611Bf9e6D26176cEae61301FCA8ebEff å få $0,01 USDT inn i et av Plasma-hvelvene. Mens deres reserverte beløp er langt mindre enn 1 cent, har de forpliktet seg til $1 820, en 13 194 492x over-sub multiple. Kan vise seg å være en vakker, kapitaleffektiv historie for dem. /every_cent_counts
Kairos Research
Kairos Research23. juli 2025
The @PlasmaFDN public sale via @echodotxyz is currently ongoing and will conclude in roughly 6 days, on Monday, July 28 at 9:00 AM ET So far, the $50m public sale is 1.17x over-committed in total, even with 36.6% of reserved allocation remaining unclaimed. The average committed amount by users is 51x their reserved amount, while the median committed amount is 1.8x. According to Plasma's blog post: "Depositors who (i) secured an allocation during the deposit period and (ii) successfully completed onboarding through Sonar are guaranteed an XPL allocation during the public sale and can commit their funds at any point during the sale window. Additionally, overcommitments are permitted to secure any allocated, but unpurchased XPL. At the conclusion of the sale, any unpurchased XPL from reserved allocations will be sold proportionally to participants who commit additional funds, based on their share of total committed funds. To be eligible, you must include the additional funds as part of your commitment during the sale window. This mechanism ensures unused allocation is efficiently reallocated to long-term aligned participants. Over-committed capital will be returned to participants after the token sale is completed." We predict there will be an influx of reserved allocations purchased in the last few hours, and we'll post an update once the sale has completed where we unpack the data.
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