Youāre all thinking about the
@Plasma One Platinum card tier all wrong and hereās why:
What if I told you the Platinum tier and Core tier plans were decided based on behavioral economics?
Everyoneās mind instantly thinks, āoh, fuck that, platinum is too expensive. Top is in again, short it. Youād be stupid to lock that up.ā
But the herd is usually wrong, right?
What if these membership tiers actually just priced in the bottom of
$XPL price discovery by allowing the open market to dictate where demand meets value?
And what if demand has already been met at a discounted price?
What if demand keeps meeting price at a value that the market refuses to break below?
And what happens when the company begins adding buyback and burn pressure as well?
Along with other product releases that do the same for the value of
$XPL?
Plasma One's new Platinum card requires locking 100,000 plasma:native per cardholder
At the current circulating supply of 2.51bn, every 2,500 upgrades absorb ~10% of the float, and 25,000 would consume all of it
Only ~400 wallets hold 100k XPL today, so nearly every Platinum upgrade is a forced market buy
That cohort has grown from 393 to 406 since the tiers went live, with the rise concentrated right at the 100k threshold, the accumulation has started