Plume's $20m Layer-1 Token Surges Post-Airdrop, Enters Top 250

Plume , a new Layer-1 blockchain protocol focused on Real World Assets (RWA), has made a notable market entrance following its January 21 token generation event. The project, which secured $20 million in Series A funding from Brevan Howard Digital last December, currently trades at $0.14.

The token debut saw Plume achieve a market capitalization ranking of #234. This positions it just outside the top 200 cryptocurrencies by market value.

The initial token distribution unlocked 2 billion PLUME, representing 20% of the total 10 billion supply. Community allocations received 700 million tokens, while 1.3 billion were designated for ecosystem development.

Daily token emissions will continue at 3.56 million PLUME. The final distribution structure allocates 39% to community and ecosystem initiatives, with 41% reserved for early backers. The remaining tokens are split between the foundation and community airdrop participants. The project has introduced incentives for early adopters. Testnet users, active community members, and pre-deposit stakers can claim rewards. Notably, users who defer claims until mainnet launch will receive a 66% bonus on their allocations. The protocol offers a 10% yield for token staking.

Market response has been swift, with major exchanges including Bybit, BitGet, HTX, and KuCoin listing the token. Bybit has established a 40 million token incentive pool for traders. More than 180 development teams are reportedly building on the platform, though the mainnet launch date remains unspecified.

Technical analysis suggests an upward trajectory within an ascending parallel channel. Price action indicates a five-wave increase pattern. Resistance levels point to a potential target of $0.26, based on Fibonacci retracement calculations. However, a channel breakdown could trigger a 40% correction to support levels at $0.12.

The airdrop's execution has proceeded without significant community complaints. Early market performance indicates positive sentiment, though sustained growth will likely depend on mainnet development progress and broader market conditions.