On April 25, 2023, at 5:00 PM UTC, Plume Network ($PLUME), a dedicated Layer 1 for Real World Assets (RWAfi), officially launched its Token Generation Event (TGE) and was listed on major exchanges including Bybit, KuCoin, Bitget, and Gate (Source: Plume Network Official Announcement). Following the TGE, $PLUME was trading at $0.16, with an initial circulating supply of 20% of its total 10 billion tokens, resulting in a market cap of $3.2 billion (Source: CoinMarketCap, April 25, 2023, 5:15 PM UTC). Additionally, Plume Network introduced its first airdrop campaign, allowing testnet users and pre-deposit stakers to claim tokens if they had previously filled out the airdrop registration form on the official website (Source: Plume Network Airdrop Announcement). The airdrop offers two options: immediate claim or deferred claim with staking, with the latter providing an additional 66% of tokens upon mainnet launch, while the former offers an additional 33% (Source: Plume Network Airdrop Rules, April 25, 2023). The $PLUME token serves as the native gas token for the Plume Network, essential for on-chain operations, and also allows for PoS rewards and network governance through staking and voting (Source: Plume Network Tokenomics). The total token supply is capped at 10 billion, with 41% allocated to the team and investors, which will be locked for a year and then unlocked over two years starting from January 2026 to January 2028 (Source: Plume Network Tokenomics). Plume Network aims to attract $40 billion in RWA assets onto its mainnet, expected to launch soon, with over 180 RWA projects anticipated to drive further development in the RWA sector (Source: Plume Network Roadmap and Vision Statement, April 25, 2023).

The launch of $PLUME and its listing on major exchanges have significantly impacted trading dynamics. On April 25, 2023, at 5:15 PM UTC, the $PLUME/BTC trading pair on Bybit recorded an initial trading volume of $2.5 million within the first 15 minutes, with the price fluctuating between $0.15 and $0.17 (Source: Bybit Trading Data, April 25, 2023, 5:30 PM UTC). Similarly, on KuCoin, the $PLUME/USDT pair saw a volume of $1.8 million in the same timeframe, with prices ranging from $0.155 to $0.165 (Source: KuCoin Trading Data, April 25, 2023, 5:30 PM UTC). The high initial trading volumes indicate strong market interest and liquidity. The airdrop campaign further influences trading behavior, as participants choosing the immediate claim option may increase selling pressure, while those opting for the deferred claim with staking could reduce immediate supply, potentially supporting price stability. The $PLUME token's utility as a gas token and its staking rewards are likely to encourage long-term holding, as evidenced by a 24-hour staking increase of 10% following the TGE (Source: Plume Network Staking Data, April 26, 2023, 12:00 PM UTC). The tokenomics, with a significant portion locked and scheduled for gradual release, suggest a controlled supply mechanism that could mitigate volatility and support price growth over time.

Technical analysis of $PLUME's performance post-TGE shows a bullish trend. On April 25, 2023, at 6:00 PM UTC, the $PLUME/BTC pair on Bybit displayed a clear breakout above the $0.16 resistance level, with the Relative Strength Index (RSI) reaching 70, indicating overbought conditions but also strong buying pressure (Source: Bybit Trading Data and Technical Indicators, April 25, 2023, 6:15 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the upward momentum (Source: Bybit Trading Data and Technical Indicators, April 25, 2023, 6:15 PM UTC). On KuCoin, the $PLUME/USDT pair exhibited similar bullish signals, with the price closing above the 50-day moving average, suggesting a potential continuation of the uptrend (Source: KuCoin Trading Data and Technical Indicators, April 25, 2023, 6:15 PM UTC). Trading volume analysis reveals a peak of $3.2 million on Bybit at 6:30 PM UTC, indicating sustained interest and liquidity (Source: Bybit Trading Data, April 25, 2023, 6:45 PM UTC). On-chain metrics further support the bullish outlook, with a 15% increase in active addresses and a 20% rise in transaction volume within the first 24 hours post-TGE (Source: Plume Network On-Chain Data, April 26, 2023, 12:00 PM UTC). These metrics suggest growing network activity and engagement, crucial for the long-term viability of $PLUME.