Plume Network Rises Following Exchange Listing Amid Increasing Challenges

Price Surge and Decline: Plume Network (PLUME) saw a price increase of over 30% after being listed on Binance, reaching above $0.11, but quickly faced selling pressure that dropped the price to $0.0865.

Investor Behavior: A significant number of investors sold their tokens during the price surge, with one major wallet holder transferring all PLUME tokens before the listing, earning approximately $1.66 million.

Token Unlocking Concerns: Over 70% of PLUME's supply is currently locked, with an anticipated unlocking of 108 million tokens on August 21, raising concerns about potential selling pressure and declining investor interest as token holders halved from July to August.

Positive Developments: Despite challenges, PLUME's trading volume surged significantly post-listing, and it boasts the largest network of real-world asset holders in the industry, with total locked asset value reaching $254 million, indicating potential for future growth.