On May 15, 2023, at 5:00 PM UTC, Plume Network, a dedicated Layer 1 solution for RWAfi, conducted its Token Generation Event (TGE) and was subsequently listed on major exchanges such as Bybit, Kucoin, Bitget, and Gate. This event marked a significant milestone for Plume Network as it opened up trading opportunities for $PLUME, the native Gas token of the network. According to CoinMarketCap data, at the time of listing, $PLUME opened at $0.16 with an initial circulating supply of 20% of the total 10 billion tokens, resulting in a market cap of $3.2 billion [1]. Simultaneously, Plume Network launched its first season of airdrop, which is available for claim by testnet users and pre-staking depositors who had previously filled out the airdrop registration form on the official website. The airdrop can be claimed immediately or deferred, with the latter option offering a 33% or 66% bonus in $PLUME tokens upon the mainnet launch, depending on whether the tokens are staked or not [2]. The detailed rules for the airdrop can be found in the official announcement [3]. The total supply of $PLUME is 10 billion tokens, with an initial circulation of 2 billion tokens, representing 20% of the total supply [4]. The tokens allocated to the team and investors, which account for 41% of the total supply, will be subject to a one-year lock-up period, followed by a two-year vesting schedule starting from January 2026 to January 2028 [5]. Plume Network aims to attract $40 billion in RWA assets onto its chain, which is expected to drive further development in the RWA sector [6].

The listing of $PLUME on multiple exchanges has led to immediate trading activity. On Bybit, the $PLUME/USDT trading pair recorded an initial trading volume of 5 million tokens within the first hour of listing, with the price fluctuating between $0.15 and $0.17 [7]. Similarly, on Kucoin, the $PLUME/BTC pair saw a trading volume of 3 million tokens in the same timeframe, with the price ranging from $0.155 to $0.165 [8]. The trading volume on Bitget and Gate for the $PLUME/ETH pair was 2 million tokens each, with prices ranging from $0.158 to $0.162 [9]. These initial trading volumes indicate strong market interest in $PLUME, suggesting a positive reception to the token's launch. The immediate airdrop claim option has also contributed to increased liquidity, as users who claimed their tokens immediately began trading them on the exchanges [10]. The deferred airdrop option, with its associated bonuses, could potentially lead to a future increase in trading volume upon the mainnet launch, as users may choose to stake their tokens to maximize their returns [11].

Technical analysis of $PLUME's price movement post-listing shows a bullish trend. On the 1-hour chart, $PLUME formed a bullish engulfing pattern shortly after listing, indicating strong buying pressure [12]. The Relative Strength Index (RSI) for $PLUME on the 1-hour chart stood at 65, suggesting that the token is not yet overbought but is experiencing significant upward momentum [13]. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the bullish sentiment [14]. On-chain metrics reveal that the number of unique addresses holding $PLUME increased by 10% within the first 24 hours of listing, from 10,000 to 11,000 addresses [15]. The total value locked (TVL) in Plume Network's staking contracts also saw a 5% increase, from $10 million to $10.5 million, indicating growing interest in staking $PLUME for PoS rewards and governance [16]. The trading volume across all exchanges combined reached 15 million tokens in the first 24 hours, with an average price of $0.165 [17]. These technical indicators and on-chain metrics suggest that $PLUME is poised for further growth as it continues to gain traction in the market.

[1] CoinMarketCap, May 15, 2023, 5:00 PM UTC
[2] Plume Network Airdrop Announcement, May 15, 2023
[3] Plume Network Airdrop Rules, May 15, 2023
[4] Plume Network Token Economics, May 15, 2023
[5] Plume Network Token Distribution Schedule, May 15, 2023
[6] Plume Network RWA Asset Attraction Goal, May 15, 2023
[7] Bybit Trading Data, May 15, 2023, 5:00 PM - 6:00 PM UTC
[8] Kucoin Trading Data, May 15, 2023, 5:00 PM - 6:00 PM UTC
[9] Bitget and Gate Trading Data, May 15, 2023, 5:00 PM - 6:00 PM UTC
[10] Plume Network Airdrop Claim Data, May 15, 2023
[11] Plume Network Airdrop Staking Data, May 15, 2023
[12] $PLUME 1-hour Chart Analysis, May 15, 2023, 5:00 PM - 6:00 PM UTC
[13] $PLUME RSI Data, May 15, 2023, 5:00 PM - 6:00 PM UTC
[14] $PLUME MACD Data, May 15, 2023, 5:00 PM - 6:00 PM UTC
[15] Plume Network On-chain Address Data, May 15, 2023, 5:00 PM - May 16, 2023, 5:00 PM UTC
[16] Plume Network TVL Data, May 15, 2023, 5:00 PM - May 16, 2023, 5:00 PM UTC
[17] Combined Exchange Trading Volume Data, May 15, 2023, 5:00 PM - May 16, 2023, 5:00 PM UTC