Plasma Sells Out $500M XPL Tokens on Sonar Platform

Plasma has successfully launched its public token sale on Echo’s Sonar platform. The sale achieved its $500 million target in just 40 minutes of making the token public. More than 1,100 crypto wallets participated in the sales, with a median deposit amount of $35,000. “Deposits are now live. The opportunity to own the financial system of tomorrow begins now,” said Plasma through its X handle just before hitting the target. After reaching the target, the platform posted another tweet saying "we have reached our deposit cap of $500 million. We are thrilled that 1,100+ wallets participated, with a median deposit amount of ~$35,000. Trillions." We have reached our deposit cap of $500 million. We are thrilled that 1,100+ wallets participated, with a median deposit amount of ~$35,000. Trillions. pic.twitter.com/qjRhsVdHtT — Plasma (@PlasmaFDN) June 9, 2025 The XPL token is the native cryptocurrency of the Plasma blockchain designed for stablecoin transactions. The token sale is the firs…