According to Foresight News, the stablecoin-specific network Plasma announced that its deposit limit was filled within approximately 30 minutes after being raised to $1 billion. The official statement added, "Temporarily announcing this news is to reduce bots and create more space for genuine participants, especially those active on Discord and with notifications enabled."
Plasma stated, "The deposit is not a sale itself, and the public sale of XPL has not yet begun. All funds will be cross-chained to the Plasma mainnet Beta and fully owned by the depositors. Depositors will have the right to participate in the sale based on their final holdings when the lock-up period ends. Additionally, the public sale terms remain unchanged: $50 million (10% of XPL's total supply) will be sold at a fully diluted valuation of $500 million. At the end of the lock-up period, depositors will have the right to participate in the sale based on their holdings."
