Plasma Token loses more than 50% of value amid insider selling allegations - founder denies involvement

15.08.2025

The Plasma token has seen its value plummet by more than 50 percent in the past 24 hours amid allegations of insider selling, sparking a wave of concern among investors and the crypto community. Plasma Token's trading volume exceeded $180 million in a 24-hour period, indicating high volatility and a mass exodus of holders from the asset.The allegations of insider selling came after the blockchain saw large transfers of tokens to exchanges allegedly linked to project teams. On social media and forums, market participants expressed concerns about the transparency of Plasma developers' actions.The project's founder officially denied the allegations, saying that no team members were involved in token sales and that all actions were in line with the stated principles of decentralization and openness. However, despite these statements, the credibility of the project has been jeopardized, and the token price continues to fluctuate.Experts note that the situation with Plasma Token emphasizes the importance of transparency and trust in cryptocurrency projects. According to analytical platforms, about 65% of trading volume was recorded on decentralized exchanges, which indicates high activity of private investors.With the ongoing volatility, market participants are advised to be cautious and closely follow the official statements of the Plasma team, as well as the development of the situation on the market.With the ongoing volatility, market participants are advised to exercise caution and closely monitor the official statements of the Plasma team, as well as the development of the situation on the market.