According to The Kobeissi Letter, citing Apollo Global Management, working Americans are channeling an average 2,358 dollars per year into the Magnificent 7 via 401(k) contributions, with 71 percent of the average 8,580 dollars going into equities and implying roughly 28 percent of 401(k) assets flowing to those stocks (The Kobeissi Letter; Apollo Global Management). The Kobeissi Letter also notes the Magnificent 7 account for almost 40 percent of the S&P 500 by weight, underscoring how index exposure steers retirement flows toward these names (The Kobeissi Letter). The Kobeissi Letter characterizes this as passive capital moving into Big Tech regardless of outlook, a dynamic consistent with academic evidence that index-linked flows can impact prices (Wurgler 2010, NYU; The Kobeissi Letter). For crypto traders, concentration-driven risk-on in megacap tech has historically coincided with a positive, time-varying correlation between BTC and the Nasdaq 100, making this equity flow signal relevant for digital assets (Coin Metrics; Bloomberg Intelligence).

According to @EmberCN, Plume achieved two key developments today: Apollo Global Management’s diversified credit fund ACRDX was tokenized on Plume and the $PLUME token listed on Korean exchange Upbit; source: @EmberCN on X; source: Plume Network on X https://x.com/plumenetwork/status/1967984615009952017. ACRDX is now permissionless to invest for Plume users, adding on-chain credit exposure to the RWAfi stack; source: @EmberCN on X. Following the tokenization, SkyEcosystem’s SubDAO Grove Finance invested $50 million into ACRDX on Plume, signaling initial institutional-sized participation; source: @EmberCN on X. Plume’s RWAfi ecosystem now features more underlying yield sources, more tokenization partners, and over 200,000 RWA holders, indicating growing on-chain demand for RWA exposure; source: @EmberCN on X. The Upbit listing expands access to the Korea market, and the listing effect is becoming increasingly important for PLUME as noted by the source; source: @EmberCN on X.