The @PlasmaFDN XPL public sale is closing in on 3x oversubscription, with $147.5m of committed capital. In our note from last week, we shared our prediction around seeing an influx of capital commitments in the final few hours of the sale. With the sale ending in less than 12 hours, it appears we were correct. The @PlasmaFDN sale is now 2.95x over-subbed, with 1.75m of remaining allocation yet to be claimed. The current average oversubscription is 4,477x, and the median is 1.86x the average over-sub amount appears to be skewed by opportunistic addresses that were able to get literal pennies into the Plasma vault on time. For example, 0x76899a7D611Bf9e6D26176cEae61301FCA8ebEff was able to get $0.01 USDT into one of the Plasma vaults. While their reserved amount is far less than 1 cent, they have committed $1,820, a 13,194,492x over-sub multiple. Could turn out to be a beautiful, capital efficient story for them. /every_cent_counts