PLUME Jumps 55% in One Hour after Upbit Listing News

Core Insights - Plume Network's native token PLUME experienced a significant surge of approximately 55% within an hour following the announcement of its listing on South Korean exchange Upbit, with trading volume increasing nearly 600% to $187 million [1][3]. Token Performance - As of the latest data, PLUME is trading around $0.039, with its market capitalization rising by 56% to $111 million, placing it among the top 250 cryptocurrencies [2]. - The rapid price increase was triggered by Upbit's confirmation of the token's listing, which will allow over 10 million users to trade PLUME actively [3]. Trading Restrictions - To mitigate early volatility, Upbit has implemented temporary trading limits, including blocking buy orders for about five minutes post-launch and restricting sell orders priced more than 10% below the previous day's close for the same duration [4]. Token Structure and Unlock Plan - Plume's token distribution consists of 20% for core contributors, 21% for early backers, 13% for the treasury, and 46% for community and ecosystem programs. Currently, around 32% of the total supply, equating to 3.23 billion tokens, is unlocked, while approximately 68% remains locked [6]. - The token unlock plan is designed for gradual releases until early 2028, with the community and ecosystem pool expected to be the largest source of circulating supply over time [7]. RWA Activity - Plume Network has a substantial presence in the RWA sector, with 279,692 RWA holders, representing half of all holders in the broader market. The company has partnered with Securitize, backed by BlackRock and Morgan Stanley, to deploy institutional-grade assets on its Nest staking system [8]. - The first assets to be introduced will be Hamilton Lane funds, with additional issuers expected in 2026. The global RWA sector is gaining traction, with total tokenized assets reaching approximately $30 billion by Q3 2025 [9].