

Metaplex (MPLX), as the foundational protocol for NFT infrastructure on the Solana blockchain, has been advancing digital asset creation and trading capabilities since its launch in 2022. As of 2026, MPLX maintains a market capitalization of approximately $22.61 million, with a circulating supply of about 524.21 million tokens, and the price hovering around $0.04314. This asset, recognized as a key component of the Solana NFT ecosystem, is playing an increasingly important role in supporting digital asset standards, decentralized marketplaces, and Web3 application development.
This article will comprehensively analyze MPLX's price trajectory from 2026 to 2031, combining historical patterns, market supply and demand dynamics, ecosystem development, and macroeconomic environmental factors to provide investors with professional price forecasts and practical investment strategies.
As of January 22, 2026, MPLX is trading at $0.04314, with a 24-hour trading volume of $145,762.35. The token has experienced a 3.14% decrease in the past 24 hours, with the 24-hour price range between $0.04305 and $0.0457.
Over different timeframes, MPLX has shown varied performance: a modest 0.05% increase in the past hour, a 14.45% decline over the past 7 days, and a 17.46% decrease over the past 30 days. The token's market capitalization stands at approximately $22.61 million, with a circulating supply of 524,213,325 MPLX tokens, representing 52.42% of the maximum supply of 1 billion tokens.
The fully diluted market capitalization is approximately $43.14 million. With 18,160 holders and availability on 15 exchanges, MPLX maintains a market share of 0.0013%. The current market sentiment indicator shows a reading of 20, reflecting extreme fear in the broader cryptocurrency market.
MPLX has experienced significant price movement from its initial offering prices, which ranged from $0.05 for creators and early supporters to $0.35 for strategic round investors, to its current trading level.
Click to view the current MPLX market price

2026-01-22 Fear and Greed Index: 20 (Extreme Fear)
Click to view current Fear & Greed Index
The cryptocurrency market is currently experiencing extreme fear, with the Fear and Greed Index at 20. This indicates heightened market anxiety and pessimistic sentiment among investors. During periods of extreme fear, risk-averse investors typically reduce exposure, while contrarian traders may identify potential buying opportunities. Market volatility is expected to remain elevated. Investors should exercise caution, conduct thorough research before making trading decisions, and consider their risk tolerance carefully in this uncertain environment.

The holdings distribution chart illustrates the allocation of MPLX tokens across different wallet addresses, providing insights into the degree of decentralization and potential concentration risks within the token ecosystem. Based on the current data, the top five addresses collectively hold approximately 50.67% of the total MPLX supply, indicating a moderate to high level of concentration. Specifically, the largest holder controls 16.00% of the supply, followed by the second and third largest addresses holding 13.98% and 10.88% respectively. This distribution pattern suggests that while token ownership is not entirely monopolized by a single entity, a relatively small number of addresses maintain significant control over the circulating supply.
From a market structure perspective, this concentration level presents both opportunities and risks. The substantial holdings by top addresses could indicate strong conviction from early investors, project team members, or strategic partners, potentially signaling confidence in MPLX's long-term value proposition. However, such concentration also introduces elevated volatility risks, as large-scale sell-offs from any of these major holders could significantly impact market prices. The 49.33% held by "Others" demonstrates a reasonable degree of distribution among smaller participants, which provides some cushion against extreme price manipulation scenarios.
The current holdings distribution reflects a semi-centralized on-chain structure that is typical of many emerging cryptocurrency projects. While the concentration level may raise concerns about potential market manipulation or sudden liquidity events, it also suggests a structured token allocation that may include vesting schedules or long-term holding strategies. Investors should monitor changes in this distribution pattern over time, as gradual dispersal towards a more decentralized structure would indicate healthy ecosystem development and reduced systemic risks associated with concentrated ownership.
Click to view current MPLX Holdings Distribution

| Top | Address | Holding Qty | Holding (%) |
|---|---|---|---|
| 1 | BHkk3R...4E254k | 160000.02K | 16.00% |
| 2 | 3uNC2h...NF7zEi | 139851.21K | 13.98% |
| 3 | E7Hzc1...nU53gK | 108893.66K | 10.88% |
| 4 | 61pA3e...zEJoWD | 67800.00K | 6.78% |
| 5 | 6v3sne...1CxM6P | 30365.04K | 3.03% |
| - | Others | 493072.38K | 49.33% |
Based on the available data, there is currently insufficient information to provide a comprehensive analysis of the core factors that may influence MPLX's future price movements. The reference materials do not contain specific details regarding supply mechanisms, institutional dynamics, macroeconomic factors, or technical developments related to MPLX at this time.
As market conditions evolve and more information becomes available, a more detailed assessment of these fundamental factors can be conducted to better understand potential price drivers for MPLX.
| Year | Predicted High Price | Predicted Average Price | Predicted Low Price | Price Change |
|---|---|---|---|---|
| 2026 | 0.05868 | 0.04315 | 0.04099 | 0 |
| 2027 | 0.06263 | 0.05092 | 0.04022 | 18 |
| 2028 | 0.05848 | 0.05677 | 0.0352 | 31 |
| 2029 | 0.07952 | 0.05762 | 0.04264 | 33 |
| 2030 | 0.08229 | 0.06857 | 0.06377 | 58 |
| 2031 | 0.10258 | 0.07543 | 0.04375 | 74 |
(1) Long-term Holding Strategy
(2) Active Trading Strategy
(1) Asset Allocation Principles
(2) Risk Hedging Solutions
(3) Secure Storage Solutions
MPLX represents exposure to the Solana NFT infrastructure layer, with the Metaplex protocol serving as a foundational standard for digital assets. The token's long-term value proposition is tied to the growth of NFT adoption and Solana ecosystem development. However, the significant price decline over the past year and relatively low market capitalization of approximately $22.6 million indicate considerable risk. The current circulating supply represents 52.42% of total supply, suggesting potential future dilution considerations. While the protocol has achieved integrations with notable platforms, investors should carefully weigh the high volatility and market risks against potential upside from ecosystem growth.
✅ Beginners: Limit exposure to no more than 1-2% of total crypto portfolio, focus on learning about Solana ecosystem and NFT market dynamics before increasing position size ✅ Experienced Investors: Consider MPLX as a speculative allocation within a diversified Solana ecosystem portfolio, implementing strict risk management with position sizing of 3-5% ✅ Institutional Investors: Evaluate MPLX as part of a broader Web3 infrastructure thesis, conducting thorough due diligence on protocol development roadmap and competitive positioning
Cryptocurrency investment carries extremely high risk, and this article does not constitute investment advice. Investors should make cautious decisions based on their own risk tolerance and are advised to consult professional financial advisors. Never invest more than you can afford to lose.
MPLX is a midstream energy infrastructure company providing crude oil, refined products, and natural gas transportation and storage services. It operates pipelines, terminals, and storage facilities, generating revenue through transportation and logistics fees.
MPLX price is influenced by market demand and trading volume, ecosystem development progress, DeFi protocol adoption rates, overall cryptocurrency market trends, and macroeconomic conditions. Network activity growth and strategic partnerships also significantly impact price movements.
Based on market analysis, MPLX showed strong momentum in 2024 with price targets ranging from $0.15 to $0.25. Analysts predicted potential upside to $0.30 amid growing adoption and ecosystem expansion. Actual performance depended on market conditions and protocol developments.
MPLX faces commodity price volatility, regulatory changes in energy policy, infrastructure operational risks, market demand fluctuations, and geopolitical factors affecting energy infrastructure. However, its diversified midstream operations and established market position provide stability for long-term investors seeking energy sector exposure.
MPLX advantages include extensive pipeline infrastructure, diversified asset portfolio, and stable cash flow generation. Disadvantages are exposure to commodity price volatility, regulatory risks, and capital-intensive operations requiring substantial ongoing investment.
MPLX offers attractive dividend distributions to token holders, making it ideal for long-term investors seeking passive income. The project's strong fundamentals and consistent revenue model support sustainable dividend payouts, positioning MPLX as a reliable long-term investment opportunity.











