[Trader Eugene: Opened a position in XPL, confident the stablecoin narrative won't fail in the short term] BlockBeats news, October 1, trader Eugene Ng Ah Sio posted on his personal channel stating that he has opened a position in XPL—mainstream institutions are entering the market, and he believes the most sought-after stablecoin narrative won't fail within a week of launch. He hopes the deviation causing the price to drop below $1 is only a temporary phenomenon and that market momentum will return to this currently hottest asset.