Plasma falls 10.22% in 24 hours… open interest down 15.82%

Plasma (XPL) fell 10.22% over the prior 24 hours while its futures open interest dropped 15.82%, according to CoinGlass data. Spot trading volume fell 22.35% and derivatives volume declined 8.78% over the same period, though the exact snapshot time was not specified. The drop in open interest, which tracks the value of outstanding derivative contracts, signals that traders closed positions rather than opened new ones as the token sold off. The combination of a double-digit price decline and contracting leverage points to deleveraging in XPL markets. Traders will watch whether open interest stabilizes alongside spot volumes, or whether further position unwinding extends the move.