Binance Futures opened pre-market trading for the perpetual contract tied to Plasma’s XPL token at 09:30 UTC on 22 Aug., offering up to 5× leverage. Plasma positions itself as an EVM-compatible layer-1 blockchain focused on high-throughput, zero-fee payments. Ahead of the Binance launch, XPL changed hands on the Hyperliquid exchange at roughly US$0.40—about eight to ten times its US$0.05 public-sale price—implying a market valuation near US$5.1 billion. Funding rates topped 1,200% annualized as traders crowded into long positions. A separate token sale also drew attention: XPIN Network’s XPIN began listing on Binance Alpha at 09:00 UTC, with Binance offering an airdrop of 80,000 XPIN to users holding at least 200 Alpha Points. The decentralized wireless-connectivity project is simultaneously debuting on KuCoin, MEXC, Gate and BingX, and KuCoin has launched additional reward programs tied to the listing.