PLUME Token Launches on Binance After 150 Million Airdrop

Binance has listed the PLUME token from Plume Network on its spot trading platform, starting August 18. Trading pairs include USDT, USDC, FDUSD, TRY, and BNB.

Key details include:

• 150 million PLUME tokens distributed to eligible BNB holders through a HODLer Airdrop.
• Airdrop snapshots taken from July 24 to July 27, 2024.
• Plume Network focuses on real-world asset (RWA) tokenization and DeFi integration.
• Current total value locked in Plume is $366 million, with a total supply of 10 billion tokens, 2.65 billion of which are circulating at launch.
• The airdrop represents 5.66% of the initial circulating supply, which may lead to selling pressure shortly after trading begins.

PLUME Token Price Action

As of now, PLUME is priced at $0.093067, up nearly 36% intraday but down 5% from the previous day. It peaked at $0.1065 just before trading commenced.

Trading patterns indicate that many airdropped tokens may have already been sold, leading to a decline after the initial spike. Upcoming days are crucial for price discovery as market dynamics unfold.

PLUME 1D price and intraday performance | Source: Binance Markets