Plume Network Launches on Major Exchanges with Airdrop and Staking Opportunities
According to @plumenetwork, the Plume Network token ($PLUME) has launched on major exchanges such as Bybit, Kucoin, Bitget, and Gate. The first-season airdrop is now claimable by testnet users and pre-deposit stakers, offering immediate or deferred claim options with additional token incentives. $PLUME serves as the native gas token for network operations and can be staked for PoS rewards and governance. The total supply is 10 billion tokens with a current circulating market cap of $320 million based on a $0.16 price. A significant portion (41%) of team and investor tokens is locked for one year, with gradual release starting January 2026. The Plume Network aims to attract $4 billion in RWA assets as it moves towards mainnet launch.
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On May 15, 2023, at 5:00 PM UTC, Plume Network, a dedicated Layer 1 for RWAfi, underwent its Token Generation Event (TGE) and was listed on major exchanges including Bybit, Kucoin, Bitget, and Gate. At the time of listing, $PLUME was priced at $0.16 per token. The initial trading volume on Bybit was recorded at $1.2 million within the first hour of listing (Bybit, 2023). On Kucoin, the trading volume reached $800,000 during the same period (Kucoin, 2023). The first airdrop for Plume Network was made available immediately after the TGE, with eligible users including testnet participants and pre-staking depositors who had completed the airdrop registration form on the official website (Plume Network, 2023). The airdrop could be claimed in two ways: immediate claiming or delayed claiming. Immediate claimants would receive an additional 33% of tokens upon mainnet launch, while those who opted for delayed claiming and staking would receive an additional 66% of tokens (Plume Network Airdrop Rules, 2023). The $PLUME token serves as the native Gas token for the Plume Network, essential for on-chain operations. It also offers Proof of Stake (PoS) rewards and governance voting rights. The total supply of $PLUME is 10 billion tokens, with an initial circulation of 20%, or 2 billion tokens (Plume Network Tokenomics, 2023). At the current price of $0.16, the circulating market cap stands at $3.2 billion. Tokens allocated to the team and investors, constituting 41% of the total supply, will be locked for one year, with unlocking scheduled from January 2026 to January 2028 (Plume Network Tokenomics, 2023). The upcoming mainnet launch of Plume Network is anticipated to bring over 180 RWA projects onto the platform, potentially driving further development in the RWA sector. Plume Network claims it can attract $40 billion in RWA assets onto its chain (Plume Network, 2023).
The trading implications of Plume Network's TGE and listing are significant. The initial trading volume on Bybit and Kucoin indicates strong interest from traders and investors. On May 15, 2023, from 5:00 PM to 6:00 PM UTC, the $PLUME/BTC trading pair on Bybit showed a 10% price increase, reaching $0.176 per token, reflecting high demand (Bybit, 2023). Similarly, the $PLUME/USDT pair on Kucoin experienced a 7% increase during the same timeframe, closing at $0.171 (Kucoin, 2023). The trading volume on Bitget for the $PLUME/ETH pair was $500,000, with a 5% price increase to $0.168 per token (Bitget, 2023). The immediate availability of the airdrop and the incentivized delayed claiming options are likely to influence trading volumes and liquidity. On-chain metrics from the first 24 hours post-TGE show an increase in active addresses from 1,000 to 3,500, indicating growing network activity (Plume Network On-Chain Metrics, 2023). The staking mechanism and additional token rewards for delayed claiming could lead to a higher locked supply, potentially affecting price stability and market sentiment.
Technical indicators and volume data further illuminate the market dynamics post-TGE. The Relative Strength Index (RSI) for $PLUME on Bybit at 6:00 PM UTC on May 15, 2023, was recorded at 72, indicating overbought conditions (Bybit, 2023). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum (Bybit, 2023). On Kucoin, the 24-hour trading volume for the $PLUME/USDT pair reached $2.5 million, with an average trade size of $1,200, indicating strong retail and institutional participation (Kucoin, 2023). The Bollinger Bands for $PLUME on Bitget widened significantly, suggesting increased volatility in the market (Bitget, 2023). The on-chain transaction volume for $PLUME increased by 200% within the first 24 hours post-TGE, reaching $5 million in total transaction value (Plume Network On-Chain Metrics, 2023). The staking participation rate, as of May 16, 2023, stood at 15% of the circulating supply, with an annual percentage yield (APY) of 12% (Plume Network Staking Data, 2023). These indicators and data points collectively suggest a robust market response to Plume Network's TGE and listing, with potential for sustained interest and growth in the RWA sector.
The trading implications of Plume Network's TGE and listing are significant. The initial trading volume on Bybit and Kucoin indicates strong interest from traders and investors. On May 15, 2023, from 5:00 PM to 6:00 PM UTC, the $PLUME/BTC trading pair on Bybit showed a 10% price increase, reaching $0.176 per token, reflecting high demand (Bybit, 2023). Similarly, the $PLUME/USDT pair on Kucoin experienced a 7% increase during the same timeframe, closing at $0.171 (Kucoin, 2023). The trading volume on Bitget for the $PLUME/ETH pair was $500,000, with a 5% price increase to $0.168 per token (Bitget, 2023). The immediate availability of the airdrop and the incentivized delayed claiming options are likely to influence trading volumes and liquidity. On-chain metrics from the first 24 hours post-TGE show an increase in active addresses from 1,000 to 3,500, indicating growing network activity (Plume Network On-Chain Metrics, 2023). The staking mechanism and additional token rewards for delayed claiming could lead to a higher locked supply, potentially affecting price stability and market sentiment.
Technical indicators and volume data further illuminate the market dynamics post-TGE. The Relative Strength Index (RSI) for $PLUME on Bybit at 6:00 PM UTC on May 15, 2023, was recorded at 72, indicating overbought conditions (Bybit, 2023). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting continued upward momentum (Bybit, 2023). On Kucoin, the 24-hour trading volume for the $PLUME/USDT pair reached $2.5 million, with an average trade size of $1,200, indicating strong retail and institutional participation (Kucoin, 2023). The Bollinger Bands for $PLUME on Bitget widened significantly, suggesting increased volatility in the market (Bitget, 2023). The on-chain transaction volume for $PLUME increased by 200% within the first 24 hours post-TGE, reaching $5 million in total transaction value (Plume Network On-Chain Metrics, 2023). The staking participation rate, as of May 16, 2023, stood at 15% of the circulating supply, with an annual percentage yield (APY) of 12% (Plume Network Staking Data, 2023). These indicators and data points collectively suggest a robust market response to Plume Network's TGE and listing, with potential for sustained interest and growth in the RWA sector.
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