XPL's recent decline has been quite fierce—dropping from a high of 1.6 all the way down to 0.14, almost touching the floor. The circulating market cap has shrunk to 290 million, but the FDV still stands at 1.4 billion, which is a significant gap. From a technical perspective, both the daily and four-hour charts show obvious divergence patterns, which are somewhat interesting signals. If there is subsequent rebound momentum, consider accumulating on dips.

However, it's important to clarify the risks: with nearly 1% of tokens unlocking each month, this release pace does put pressure on the price support. The key is whether the whales are committed to holding this position; otherwise, even good technical signals are meaningless.