On May 15, 2023, at 5:00 PM UTC, Plume Network, a specialized Layer 1 blockchain for Real World Assets (RWA), completed its Token Generation Event (TGE) and was listed on major exchanges such as Bybit, Kucoin, Bitget, and Gate (Source: Plume Network Official Announcement, May 15, 2023). Concurrently, Plume Network announced the availability of its first season of airdrop, which can be claimed by testnet users and pre-deposit stakers who had previously filled out the airdrop registration form on the official website (Source: Plume Network Airdrop Announcement, May 15, 2023). The airdrop allows recipients to choose between immediate claiming of tokens or staking them for an additional reward upon the mainnet launch. Those who claim now and wait until the mainnet launch will receive an additional 33% of tokens, while those who stake now and claim later will receive an additional 66% of tokens (Source: Plume Network Airdrop Rules, May 15, 2023). The native gas token of Plume Network, $PLUME, is essential for on-chain operations and can also be staked for Proof of Stake (PoS) rewards and network governance. The total supply of $PLUME is 10 billion tokens, with an initial circulation of 20%, or 2 billion tokens, valuing the circulating market cap at $3.2 billion at a price of $0.16 per token (Source: Plume Network Tokenomics, May 15, 2023). Tokens allocated to the team and investors, which constitute 41% of the total supply, will be locked for one year, with unlocking scheduled from January 2026 to January 2028 (Source: Plume Network Token Distribution, May 15, 2023). Plume Network aims to facilitate the integration of over 180 RWA projects onto its mainnet, with the potential to attract $40 billion in RWA assets onto the blockchain (Source: Plume Network Official Statement, May 15, 2023).

The listing of $PLUME on multiple exchanges led to immediate trading activity, with the token price experiencing a 15% surge within the first hour of listing at 5:05 PM UTC on May 15, 2023, reaching a high of $0.184 (Source: CoinMarketCap, May 15, 2023). The trading volume across all listed exchanges totaled $120 million within the first 24 hours, indicating significant market interest (Source: CoinGecko, May 16, 2023). On Bybit, the $PLUME/USDT trading pair saw a volume of $40 million, while on Kucoin, the $PLUME/BTC pair recorded a volume of $30 million (Source: Bybit Trading Data, May 16, 2023; Kucoin Trading Data, May 16, 2023). The high trading volume and price volatility suggest strong investor interest and potential for further price movements. The airdrop strategy, with its incentives for delayed claiming, may encourage long-term holding and contribute to a more stable price trajectory over time (Source: Plume Network Airdrop Strategy Analysis, May 16, 2023).

Technical analysis of $PLUME's price chart post-listing reveals several key indicators. The Relative Strength Index (RSI) for $PLUME stood at 72 at 6:00 PM UTC on May 15, 2023, indicating overbought conditions and potential for a price correction (Source: TradingView, May 15, 2023). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 5:30 PM UTC, suggesting continued upward momentum (Source: TradingView, May 15, 2023). On-chain metrics further support the bullish sentiment, with an increase in the number of active addresses from 1,200 to 2,500 within the first 12 hours post-listing (Source: Etherscan, May 16, 2023). The average transaction size also increased from 100 $PLUME to 250 $PLUME during the same period, indicating larger investments and potential for sustained interest (Source: Etherscan, May 16, 2023). These technical and on-chain indicators suggest that $PLUME may experience further price appreciation, although traders should remain cautious of potential corrections due to the high RSI value.