Coin overview
PLUME
Ended--
Last price (USDT)
457.73K
24h total (USDT)
837.90K
Total vol (USDT)
2025-01-17 13:00:00 ~ 2025-01-21 08:30:00
Trading time (UTC+0)
2025-01-21 10:00:00 ~ 2025-01-21 14:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Plume is the first RWAfi L1 EVM network focused on crypto natives. We build infrastructure to make it easy to connect the real world and the crypto markets. We go against the traditional view of RWAs by changing its definition – it’s not just TradFi onchain but instead building net new crypto-first RWA use cases to the market including things like RWA derivatives/speculation, borrow/lend, yield farming, and more.
PLUME Holders Continue to Dump Tokens After Co-Founder’s Death
In a sad occurrence, Eugene Shen, co-founder of the RWA project Plume, reportedly passed away this week. However, this announcement prompted a major PLUME token dump, splitting the community with acrimonious accusations. Some skeptics wondered if Plume was a scam or if this death announcement was some sort of hoax. Others deplored these accusations and token dumps, professing support for the company. Regardless, it has been a bizarre market reaction to an unfortunate, tragic event. Massive PLUME Token Dumps Plume, an RWA onboarding blockchain firm, has attracted considerable attention since YZi Labs invested in it this March. Over the last week, the company’s PLUME asset fell by 18%, and users began reporting a token dump today. The firm announced the death of Plume co-founder Eugene Shen, presumably establishing a reason for this price action: It is with heavy hearts that we share the news of a tragic loss within our company. Earlier this week, we lost our cofounder and dear friend, Eugene. We’re in shock. Eugene was brilliant, deeply curious, and brought so much talent and heart to everything he did. Our thoughts are… — Plume – RWAfi Chain (@plumenetwork) May 29, 2025 Plume’s announcement didn’t specify a date or cause of Shen’s death, only that it took place last week. Still, this immediately clarified the PLUME token dump for some users, many of whom strongly condemned investors’ behavior. Although PLUME had already been falling for several days, it experienced an additional 7.4% crash and a 145% increase in trading volume today. Presumably, Shen’s death caused today’s price actions. PLUME Trading Volume and Price Performance. Source: CoinMarketCap However, alternate narratives also began circulating, even if they remained a minority position. Why did the price drop begin days ago? It appears that several token holders are calling PLUME a scam token and the co-founder’s death a hoax. Yet, these claims have no evidence and show a rather unsettling display of public empathy. Sad story:Bought $Plume 5 months ago at $0.13 with a 2B circulating supply Didn’t sell at x2 ATHNow it’s dipping hard after a 433M token unlock and the death of a team member—right before mainnet launchTime to exit before they announce the death of @chriseyin or @teddyP_xyz https://t.co/qIGIqrhHch pic.twitter.com/kQcY6r7xki — Gainz (@0x03soL) May 29, 2025 Even if this was not a popular position, this jarring cynicism still shocked the crypto community. Sure, crypto scams are rampant right now, but would PLUME really fake someone’s death to dump tokens? Defenders immediately began noting all Plume’s major investors, claiming that the company has a clear history and market presence. This bizarre incident only highlights a rather hidden ugliness in the crypto community. Perhaps MANTRA’s fall damaged investor confidence for the entire RWA market, or maybe users are just growing tired of scams. It’s bad enough that PLUME users dumped their tokens after a team member’s death, but it’s far more concerning that some people think it’s all a scam.
Plume Co-Founder Eugene’s Sudden Passing Announced
Key Takeaways: Main event, leadership changes, market impact, financial shifts, or expert insights. Eugene’s passing prompts Plume team commitment. No immediate market fluctuation reported. Plume Co-Founder Eugene’s Sudden Passing Announced Eugene, a co-founder of the decentralized blockchain protocol Plume, tragically passed away earlier this week. The announcement was made via Binance Square , where the Plume team promised to uphold Eugene’s vision for their innovative project. Plume’s declaration about Eugene’s passing emphasizes the importance of continuity in leadership. The team’s commitment to his vision is significant for maintaining community confidence and project stability. The Plume team reported Eugene’s passing on Binance Square, underlining their resolve to carry on his objectives. Eugene played a pivotal role in co-founding Plume, and the team is now tasked with maintaining the project’s direction. “The surviving Plume team committed to carrying forward Eugene’s vision for the project.” – Plume Team, Official Communication, Binance Square While Eugene’s death is a profound loss for the leadership, no immediate market impact from the event was detailed in primary sources. The Plume project operates within a wider cryptocurrency ecosystem, where stability is critical. Though no regulatory changes are noted, Eugene’s absence may pose challenges, particularly regarding strategic decision-making. Continuous monitoring of Plume’s progress through its official channels is advised. Future outcomes could see altered investment behaviors or project shifts due to the loss of a key leader. Specific changes remain unclear; ongoing assessments will be integral to understanding the broader implications for the blockchain community.
Plume Network Co-Founder Eugene Passed Away This Week
According to official news, Eugene, the co-founder of Plume Network, unfortunately passed away earlier this week. The Plume team stated that Eugene was a talented and inquisitive individual who dedicated a lot of effort to the project. The team is currently supporting each other through this difficult time. Plume expressed their commitment to continue advancing the technology Eugene was involved in developing, promoting innovation and development on the chain.
Decentralized AI Infrastructure Mira Releases Ecosystem Map, Covering Over 25 Partners in Six Key Areas
The decentralized AI verification network Mira recently released an ecosystem map, covering over 25 partners across six vertical fields. The map shows that open-source projects like Wikisentry and Kaito-Tok use Mira for content verification; Agent frameworks such as SendAI, Zerepy, and Arc integrate its API to provide reliability assurance for agents; it also includes protocol layer projects like Plume and Monad that access Mira's verification services for their network. Mira stated that these partners have either deployed its decentralized verification technology or provide underlying support for Mira's trust layer.
Galxe Initiates Starboard for Web3 User Incentives
Key Points: Launch of Galxe’s Starboard platform enhances Web3 engagement. Significant funding pool allocated for user incentives. Increased participation expected in Web3 space. Galxe Initiates Starboard for Web3 User Incentives Galxe has launched Starboard , a new Web3 user incentive platform, on May 28, 2025. The project involves over $5 million in funding from over 20 leading Web3 projects. The launch of the Starboard platform by Galxe represents a significant advancement in Web3 community infrastructure, with over $5 million allocated for rewards. Collaborative efforts from notable projects, such as Plume and 0G Labs, emphasize a focus on multi-chain integration. In launching Starboard, Galxe partners with key players like Plume, which allocated $450,000, and 0G Labs, contributing over $100,000. The initiative is aimed at strengthening Web3 user engagement through effective incentivization strategies. “Galxe is the driving force behind Starboard, its latest community-building and analytics tool designed to quantify and reward user-generated content and participation in Web3.” – Galxe Leadership, Galxe ( Source ) The market anticipates increased activity and staking within associated protocols. Historically, such platform launches result in heightened engagement and activity levels, impacting both the Web3 space and broader market sectors. This strategic launch highlights potential financial implications for involved tokens, including GAL, and reinforces the trend of innovative, user-centric projects. With the mainnet launch scheduled for Q4 2025, significant technological outcomes are anticipated. The ongoing development drives community participation and utilizes a robust funding pool to optimize user interaction within the Web3 ecosystem. Galxe’s Starboard initiative is expected to drive significant interaction levels. The focus on user-centric innovations could stimulate new growth across the crypto landscape, encouraging increased funding and collaborative projects.
SEC Crypto Task Force discusses securities tokenization with Nasdaq, DeFi startups
Last week, the US Securities and Exchange Commission’s (SEC) Crypto Task Force intensified studies on how public blockchain technology can support the issuance and trading of tokenized securities. The group held separate meetings with Nasdaq, Plume Network, and Etherealize on how securities can be issued and traded on public blockchains. All three meetings resulted in the suggestion of the concept of a regulatory sandbox. Nasdaq presses for digital asset-friendly venues According to the log from a May 21 meeting, Nasdaq executives urged the Task Force to let tokenized shares, bonds, and exchange-traded funds (ETFs) remain subject to existing registration rules. Additionally, they asked for authorization for a new “ATS-Digital” venue where firms can list digital asset investment contracts alongside commodity-style tokens. The exchange operator also asked regulators to create a joint safe harbor with the Commodity Futures Trading Commission (CFTC) for assets whose status is uncertain. This idea, often called a “regulatory sandbox,” would allow issuers to self-certify classifications while meeting light-touch disclosure standards. In April, SEC Commissioner Mark Uyeda signaled support for such an effort. Nasdaq added that tokenization should not weaken national market system protections and that any move toward atomic settlement must balance liquidity and operational risk. Plume advocates a sandbox for on-chain markets Arbitrum-based Plume Network told the SEC at a May 22 meeting that permissionless blockchains are best suited for real-world asset tokenization. Furthermore, they proposed a regulatory sandbox covering the 1933 Securities and 1934 Exchange Acts. The company’s agenda calls for safe harbor relief that explicitly factors in decentralized finance mechanics and “credible neutrality,” plus tools to calibrate rules across primary offerings and on-chain secondary trading. In their brief meeting log, Plume also sought guidance on tokenizing US and non-US equities subject to the Regulation National Market System and other regimes. Etherealize seeks overhaul of transfer agent rules Etherealize and policy firm MetaLeX focused on back-office infrastructure, telling the Task Force that legacy transfer agent regulations force issuers to keep parallel off-chain ledgers and negate blockchain efficiencies. A transfer agent is a financial institution acting as a record-keeper for a company’s shareholders. Their proposal asks the SEC to recognize suitably secure blockchains as authoritative share registers, exempt issuers using decentralized tokenization protocols from transfer agent registration, and create a fast lane for agents specializing in tokenized securities. They also urged a pilot to test smart contract equivalents for corporate actions such as dividend distribution and shareholder voting. Converging themes Across the meetings, industry participants pressed for clear taxonomy, modular rulebooks, and phased pilots. Furthermore, each called for technology-specific tweaks, but none challenged the SEC’s core investor-protection mandate. The Task Force staff took the materials under advisement, indicating that future rule proposals could weigh sandbox models, dedicated trading venues, and updated transfer agent obligations. The post SEC Crypto Task Force discusses securities tokenization with Nasdaq, DeFi startups appeared first on CryptoSlate.
Plume Network meets with the US SEC, proposes establishing a DeFi sandbox and formulating new rules for tokenized securities
According to Cointelegraph, Plume Network met with the U.S. Securities and Exchange Commission (SEC) to propose the establishment of a DeFi sandbox and the formulation of new rules for tokenized securities.
TOKEN2049 In Dubai: Credefi's DeFi Is Booming And It's Just The Beginning
In a world where DeFi still has to prove itself, Credefi emerges at the right time. Its mission? To offer useful finance, anchored in the real economy. At TOKEN2049, the global Web3 summit, the team connected investors and tangible assets. Their model, based on European SMEs, combines security and yield. Away from the noise, Credefi moves forward methodically. And this is just the beginning. While Europe is its foundation, the United States will be its next conquest, with a discreet but solid strategy. The direction is clear. The pace, perfectly controlled. In brief Real finance: Credefi connects SMEs and lenders through guaranteed loans, combining yield and security. TOKEN2049 visibility: Noteworthy presence in Dubai, validating its RWA model. Heading to the USA: Expansion planned in June with a controlled strategy. Credefi: Real Finance at the Service of DeFi Credefi is not a marketing promise; it is a tokenized reality. Its mission: to offer SMEs access to credit without the banking burdens, while guaranteeing security and yield to lenders. Thanks to a “lend & protect” model, the platform combines loans secured by tangible assets with rigorous borrower scoring. It is regulated in Europe, which reassures institutional and retail investors. The protocol shows a TVL of over 50 million dollars. More than 50 companies have already been financed. For lenders, this means real, traceable, and stable returns. For SMEs, it means access to faster, more agile financing without banking friction. Credefi thus positions itself as the bridge between TradFi and DeFi , with no compromise on transparency. At a time when real assets are gaining visibility in crypto, the platform stands out as a structuring player. TOKEN2049: Global Validation for Credefi TOKEN2049 in Dubai is more than an expo. It is the meeting place for decision-makers in crypto, Web3, and traditional finance. Credefi found a natural echo there. By participating in panels on real-world assets, the project gained visibility with a strategic audience. Its clear proposition won over many: to make DeFi useful and accessible through familiar but reinvented instruments. In a still volatile sector, Credefi stood out for its stability, regulation, and concrete anchoring. The event validated its trajectory. The team successfully transformed its presence into trust capital. Such recognition, in an ecosystem as scrutinized as that of real-world assets, speaks louder than a thousand words. Four Intense Days, Four Decisive Moments During TOKEN2049, Credefi didn’t just occupy space: it conquered it. Each day was a building block for constructing lasting bridges between RWA and Web3. April 29 — RWA Unwind & DWF Labs Event Targeted pitches, meetings with strategic funds. Credefi presented its vision to key players. Early discussions promise high-value partnerships. April 30 — TOKEN2049 & RWAI-Fi Summit Active participation in panels on the future of tokenized assets. Credefi defended the idea that DeFi cannot survive without real anchoring. Its model inspires. May 1 — Yacht2049 Far from conference rooms, Credefi discussed strategy and decentralized payments with Plume Network. The informal environment fostered deep exchanges. May 2 — XDC Tokenization Demo Day Alongside Tokeny, Polytrade, and Nomyx, Credefi impressed VCs and funds. Its clear and convincing demonstration strengthened its credibility in the RWA arena . And now? Heading to the United States Dubai was a milestone. America is coming. Credefi is preparing its next appearance, ambitious but without fanfare. Its strategy remains consistent: to build slowly, solidly, cultivating the right networks. As the team playfully expressed: If we can be a bit secretive, we can say that the team will travel to the United States in June for a very special event. This teaser announces an acceleration. The United States, a welcoming land for emerging RWA, will be the perfect stage to consolidate new partnerships, reach new funds, and refine its governance. Credefi’s strategic discretion is also a form of maturity. CREDIUSDT chart by TradingView Join the RWA Revolution with Credefi Credefi has shown that it is possible to combine financial security and blockchain innovation. For those who believe in a DeFi anchored in the real world, now is the time to join the movement. Finance has never been so close to the real economy. The team moves forward, partnerships are formed, yields stabilize. The future will not be purely virtual. It will be hybrid, regulated, shared. So discover the Credefi app and join the community on X !
Kraken to launch tokenized stock trading for Apple, Nvidia, and others outside US
Crypto exchange Kraken plans to launch tokenized stock trading of popular stocks like Apple and for non-U.S. customers, according to a statement from Backed. "Backed is thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps," it said in the statement . The service, which will debut in the coming weeks, will feature tokenized versions of more than 50 stocks and exchange-traded funds, and be available to customers in Europe, Latin America, Africa and Asia, according to The Wall Street Journal , which reported on Kraken's launch on Thursday. The move follows Kraken co-CEO Arjun Sethi telling The Block in April that the tokenized equity market will dwarf the stablecoin sector, which currently has a total supply of about $240 billion, led by Tether. "One tokenized equity is going to be equivalent or larger than Tether," Sethi said at the time. "Now you can have fifty, five hundred, a thousand of those tokenized equities — then you do futures and options trading on top of that. The market is just going to get that much bigger, that much larger, that much faster than what we're used to." Some expect the market for tokenized equities to explode in the coming years, and crypto-native firms like Backed, Plume Network and WhiteRock have shown interest in participating in the possible growth. Last month, Sethi also said that investors in the UK and Europe face challenges in easily accessing U.S. stocks. "By the time you want to get access to a financial product that we're used to in the U.S. without friction, you're bludgeoned along the way where you're like, 'I don't really want to do it,'" he said. In March, Kraken agreed to acquire U.S. retail futures platform NinjaTrader for $1.5 billion as part of its multi-asset strategy, which includes equities trading and payments.
HYPE Nears Breakout While Hyperliquid Hits $500M in Weekly Volume
Hyperliquid recorded $548 million in inflows and reached $5.6 billion open interest. Hyperbridge enables fast, secure cross-chain token transfers from 50+ blockchains into Hyperliquid. HYPE rebounded 57% in one month and nears breakout above $26 resistance level. Hyperliquid’s HYPE has lit a fuse under the market. From May 5 to 11, the decentralized exchange pulled in $548 million in net inflows. That number alone turns heads, but it gets better. May 8 saw $200 million flow in—a single-day record. At the same time, open interest exploded to $5.6 billion, shattering previous highs. All eyes now turn to HYPE, the native token, which looks ready to rip through key resistance. 📈 #HYPE Hyperiliquid recorded net inflows of $548 million last week – a record high. pic.twitter.com/6pZT6Ra3li — CryptoBull_360 (@CryptoBull_360) May 12, 2025 Hyperliquid Bridges Power and Performance Hyperliquid is not only riding the volume wave —it’s building highways into the heart of DeFi. The newly launched Hyperbridge lets traders move tokens like USDT0, USDe, and PLUME across 50+ chains. This bridge doesn’t crawl—it flies, thanks to LayerZero’s omnichain protocol. Hyperbridge now supports tokens like COOK, USR, and RLP, with more waiting at the gate. This upgrade fuses centralized-like speed with decentralized transparency. Hyperliquid developers aren’t shy—they call this a major leap toward their ultimate trading vision. It’s not hype—it’s execution. Traders now enjoy a seamless experience, bridging massive liquidity pools straight into action. That’s a serious edge in a fast-moving market. Hyperliquid’s surge shows confidence. It doesn’t just attract capital—it earns trust. While other platforms battle slow bridges and fragmented liquidity, Hyperliquid feels like a jet on a commercial runway. The protocol now connects deeply with the broader crypto economy, anchoring itself as a force in derivatives trading. HYPE Price Eyes Resistance with Strong Momentum HYPE trades around $25 today, climbing 4% in 24 hours. Since crashing to $9.20 in April, the token soared 57% in one month. That bounce added $3.37 billion to market cap—an eye-popping reversal. The RSI indicator now sits just under the overbought zone. Bulls are in control, but caution lingers. The price clings to the upper Bollinger Band, hinting at strength—but also fatigue. Traders watch the $26 line closely. If HYPE pushes above $27.50, a move past $30 may follow. The MACD still shows bullish momentum. But if price drops to $22.10, expect short-term consolidation. Momentum fuels this rally. HYPE isn’t coasting—it’s sprinting. But traders must watch for signs of exhaustion near key levels. Hyperliquid just made history with $548 million in inflows and $5.6 billion open interest. Hyperbridge strengthens the ecosystem by enabling fast, secure multi-chain bridging. HYPE has rebounded sharply, showing signs of a major breakout near $26 resistance. With volume up and momentum strong, this rally could be just warming up.
Hyperliquid open interest reaches $5.6 billion with Hyperbridge launch
LayerZero (CRYPTO:ZRO) has launched Hyperbridge, an interoperability solution connecting external blockchain assets to Hyperliquid’s (CRYPTO:HYPE) decentralised trading platform, coinciding with Hyperliquid’s open interest reaching a record $5.6 billion. Hyperliquid, a high-speed perpetual futures exchange, operates on HyperEVM, a custom layer one blockchain optimised for derivatives trading. The platform can process up to 100,000 orders per second with zero gas fees and features an on-chain order book, combining centralised exchange efficiency with decentralised, non-custodial security. LayerZero’s protocol enables cross-chain communication through Ultra Light Nodes and decentralised oracles, supporting over 50 blockchains. Hyperbridge leverages this infrastructure to allow users to bridge assets like USDT0 (CRYPTO:USDT0), USDe, and Plume (CRYPTO:PLUME) from any LayerZero-supported chain into Hyperliquid with a single click. The integration simplifies token deployments for developers using LayerZero’s OFT standard, enabling projects to access Hyperliquid’s liquidity without technical hurdles. Asset issuers can list tokens on Hyperbridge through a one-click interface, expanding access to Hyperliquid’s ecosystem, which has recorded over $1 trillion in historical trading volume. The launch of Hyperbridge reflects the growing importance of interoperability in decentralised finance (DeFi) as platforms seek to combine speed, liquidity, and transparency. Hyperliquid’s self-funded team stated the launch aligns with its mission to merge centralised exchange speed with DeFi’s transparency. Hyperbridge is now live at hyperbridge.xyz, initially supporting assets including COOK, USR, and RLP. Developers and issuers are invited to apply to list new tokens, further bridging Hyperliquid’s ecosystem with the wider crypto market. At the time of reporting, the Hyperliquid (HYPE) price was $24.73.
5 Altcoins Crypto Whales are Buying after the US-China Trade Deal
Crypto whales are aggressively buying into five altcoins following the recent US-China trade deal, with notable spikes in accumulation across SEND, GOAT, MEW, WLD, and PLUME. Sendcoin surged 49% in 24 hours as whale holdings jumped over 35%, while GOAT saw a 197% weekly gain alongside a 12.48% increase in large-holder positions. MEW and Worldcoin also attracted major whale interest, with holdings up 12.67% and 8% respectively over the past few days. PLUME rounded out the list with a 42% whale accumulation spike, reinforcing its momentum as a rising RWA token. Sendcoin (SEND) Sendcoin, a Solana token positioning itself as a “collective of sovereign startups” powered by a unified marketing engine, has surged nearly 40% in the past 24 hours. The sharp rally comes amid strong interest from crypto whales, who have been steadily accumulating the token over recent days. SEND Whales Analysis. Source: Nansen. Whale holdings in SEND jumped more than 35% since yesterday, rising from 33.79 million to 45.7 million tokens. This accumulation has pushed SEND’s fully diluted valuation (FDV) close to $18 million, signaling growing confidence in coin. Goatseus Maximus (GOAT) GOAT, once one of the most popular tokens in the Solana ecosystem, had been in a deep correction throughout 2025, dropping 58% year-to-date. However, sentiment is starting to shift as GOAT has surged nearly 197% over the past seven days, making it the second-best performing Solana token with a market cap above $200 million. GOAT Whales Analysis. Source: Nansen. Whale activity is also picking up, with large holders increasing their positions by 12.48% since May 9. Their total holdings rose from 116.18 million to 131.09 million GOAT tokens, suggesting renewed confidence in the project’s potential as momentum returns. Cat in a dogs world (MEW) MEW has gained strong momentum over the past week, climbing 52% and pushing its market cap to $368 million. The rally comes amid a notable uptick in whale accumulation, with large holders increasing their MEW positions by 12.67% in just a few hours—rising from 2.47 billion to 2.8 billion tokens. MEW Whales Analysis. Source: Nansen. Smart money activity is also heating up for the meme coin. Although overall accumulation slowed slightly in the last few hours, total holdings remain up, and one smart wallet alone bought approximately $378,000 worth of MEW in the past 24 hours—highlighting continued interest from informed investors. Worldcoin (WLD) OpenAI CEO Sam Altman’s Worldcoin is back among the top-performing AI tokens, climbing 41% over the past week and reaching a market cap of $1.8 billion. The surge comes despite recent legal challenges, including a court ruling in Kenya that ordered the deletion of biometric data and a suspension of operations in Indonesia over regulatory violations. WLD Whales Analysis. Source: Nansen. Crypto whales have also been accumulating, increasing their WLD holdings by over 8% between May 8 and May 11. While accumulation has remained stable in the last 24 hours, the rise in whale activity highlights growing confidence in the token’s market position. Plume (PLUME) PLUME has emerged as one of the most talked-about RWA tokens in recent weeks, gaining 26% over the past 30 days. Its market cap is now nearing $400 million, reflecting growing interest in real-world asset narratives. Analysts predict it will be one of the most interesting crypto narratives for VCs in 2025 Q2. PLUME Whales Analysis. Source: Nansen. Whale accumulation has picked up sharply, with holdings jumping 42% in just 24 hours, from 970,000 to 1.38 million PLUME. One smart wallet alone bought nearly $50,000 worth of the token in the past day.
Whale Accumulation Fuels Sendcoin Surge Amid Rising Interest in Solana’s Altcoins
Significant price movements in altcoins like SEND and GOAT indicate a resurgence of interest among crypto whales following a pivotal US-China trade agreement. Recent whale activity has led to impressive gains across multiple tokens, signaling a shift in market sentiment as traders seek new opportunities. “The accumulation trends suggest a marked shift in investor confidence,” noted a report from COINOTAG, highlighting the importance of market dynamics. Crypto whales are fueling a bullish trend in altcoins SEND and GOAT, showcasing a resilient market response to external economic factors. Rising Interest in Sendcoin (SEND) Sendcoin, designed as a collective of sovereign startups within the Solana ecosystem, has recently caught the attention of major investors, recording a remarkable 40% price increase in just 24 hours. This uptick in price is supported by a notable rise in whale acquisitions, with holdings escalating by over 35% amidst growing enthusiasm around Solana’s infrastructure. According to data from Nansen, whale participation has seen SEND’s total holdings surge from 33.79 million to an impressive 45.7 million tokens, contributing to an observable increase in market confidence. Goatseus Maximus (GOAT): A Strong Recovery The GOAT token, which had faced a much-publicized downturn of 58% year-to-date, is experiencing a renaissance with a staggering weekly increase of approximately 197%. This positive turn is further validated by data indicating a 12.48% rise in positions held by larger investors, signaling renewed confidence in GOAT as a solid investment in the lucrative Solana market. The ascent of total holdings from 116.18 million to 131.09 million tokens reaffirms the optimism among traders as they reconsider the potential of this previously beleaguered token. Momentum for Cat in a Dogs World (MEW) MEW has captured positive market attention with a substantial price increase of 52% over the past week, propelling its market capitalization to $368 million. This growth trajectory aligns with whale accumulation, which has shot up by 12.67%, indicating a significant shift in investor sentiment toward this particular meme coin. In a noteworthy development, a prominent smart wallet invested approximately $378,000 in MEW within a single day, showcasing the sustained interest from savvy investors. Worldcoin (WLD): Amidst Challenges Worldcoin, the brainchild of OpenAI’s Sam Altman, has risen to prominence again, showcasing a 41% gain within the past week. This rise has positioned the token’s market cap at an impressive $1.8 billion. This price spike persists despite facing regulatory obstacles including a recent court ruling in Kenya, which ordered the deletion of biometric data. Notably, the total holdings among crypto whales have also climbed by 8%, reflecting an overall increasing confidence in the token’s future viability. The Emerging Narrative of Plume (PLUME) PLUME has significantly influenced the market narrative around real-world asset (RWA) tokens, with an eye-catching 42% whale accumulation surge. Over the last month, PLUME’s market cap has surged to nearly $400 million, compelling analysts to predict its increasing relevance in the blockchain ecosystem. One remarkable purchase from a knowledgeable investor, totaling approximately $50,000 within a single day, highlights the growing interest in PLUME as a future standout in the crypto landscape. Conclusion The surge in whale activity across altcoins SEND, GOAT, MEW, WLD, and PLUME denotes a positive market sentiment revitalized by external economic factors. As these tokens recover, they reflect a resilient crypto landscape ready to adapt and evolve, urging investors to keep a keen eye on emerging opportunities. In Case You Missed It: Dogecoin's Breakout Sparks Investor Optimism Amid Possible Short-Term Retracement to Key Support Levels
The RWA Market Might Not Be As Valuable As It Seems
The crypto market for RWAs (Real World Assets) is largely an overrated illusion according to Chris Yin, CEO of Plume. He challenges the official figures and claims that the current hype is based on false data, far from reflecting the reality on the ground or the genuine interest of institutions. In Brief The RWA market is overrated: it would be worth 10 billion, not 21 billion as announced. No institution is genuinely placing capital on-chain, despite the storytelling around RWAs. The market remains immature, hindered by the lack of regulated infrastructures and players. The promise of 30 trillion by 2030 seems unrealistic without massive institutional adoption. 21 Billion Dollars? Really? The crypto sector never ceases to surprise us with shock revelations, and today it is the turn of Real World Assets to be unmasked. In fact, according to Chris Yin , current estimates placing the capitalization of RWAs at over 21 billion dollars are simply false. “I think all the data is wrong. The real number is closer to 10 billion,” he states, mainly referring to Treasury bonds and gold, with a small portion of private credit. Unfortunately, the crypto data from RWA.xyz confirms this trend! Of the 17.4 billion measured at the end of April 2025, 60% is private credit, 27% Treasurys, and only 8% commodities. The truth is even harsher: according to the CEO of Plume , no institution is actually putting money on-chain. “They mainly try to capture capital from the crypto ecosystem,” he claims. Their goal? To earn more, not to optimize processes or reduce costs. And until the RWA market reaches a significant scale, they will stay away. RWA: A Market Still Too Young to Convince Are RWAs doomed? No, but their adoption will take time. Like bitcoin or stablecoins, institutions will only enter when value, adoption, and regulation are clear. Ross Shemeliak, co-founder of Stobox, reminds us of the enormous potential: 99.9% of global companies are private, and therefore eligible for tokenization. So what are they waiting for? Certainly a complete infrastructure similar to that of cryptos: Regulators; Fund managers; Regulated platforms. BTCUSD chart by TradingView Presented as a 30 trillion dollar opportunity by 2030 , tokenization of RWAs promises a financial revolution, according to Jesse Knutson, COO at Bitfinex Securities. Yet, according to Chris Yin, the real market caps at only 10 billion dollars. Under these conditions, this forecast is more wishful thinking than a credible short-term scenario. The RWA bubble is not about to burst… because it doesn’t really exist yet. This segment of the crypto market remains embryonic, overrated, and largely ignored by institutions despite the emerging revolutions in the sector . Behind the optimistic storytelling, the reality is much more modest: without concrete adoption, RWAs remain a promise, not a revolution.
The Blockchain Bulletin, May 2: Sony and Plume Bring Real Yields On-Chain
Hey folks! Welcome to the latest edition of the Blockchain Bulletin, where we provide you with significant developments that hit the market headlines over the past 24 hours. Sony Block Solutions Labs’ Soneium and blockchain platform Plume have partnered to bring real-world asset (RWA) yields on-chain. The integration uses SkyLink, a high-powered interoperability layer developed by Plume, to enable seamless staking and yield transfer on Soneium. With Soneium’s user base exceeding 5.1 million, this partnership would enable users to have direct access to institutional-grade RWA products without leaving the platform. Users can stake tokenized assets like U.S. Treasuries and earn real-world yields from the comfort of their blockchain wallets. This marks a significant step toward mainstream RWAfi (Real World Asset Finance), with Plume managing over $4 billion in tokenized assets across 180+ companies, including industry giant Ondo Finance. Meanwhile, over 30 crypto giants have joined the Crypto Council for Innovation to turn up the heat on the SEC, demanding clarity on staking. In a letter submitted on April 30, addressed to Hester Peirce, it stated that staking is vital for Proof-of-Stake (PoS) blockchains, enabling security and decentralization. Notably, the crypto firms stated that the current rules are unclear and potentially pose harm to U.S. innovation. Further, the letter stressed the importance of transparency and stated that it is important for providers to disclose risks on slashing and also on how fees work. The letter also warned against rigid rules that might freeze market structures, hindering growth and blocking U.S. leadership in blockchain. Related: Grayscale Pushes SEC to Allow Ethereum ETF Staking Rights On the other hand, Coinbase has stepped into the constitutional ring with the U.S. Supreme Court, submitting an amicus brief backing a lawsuit against the IRS over its sweeping data collection. The case stems from a 2016 IRS summons that initially sought info from over 500,000 Coinbase users—a request that eventually resulted in the IRS obtaining records on 8.9 million transactions across thousands of accounts. Coinbase contends that this violates the Fourth Amendment, likening the IRS method of linking blockchain wallet activity to personal identities to mass surveillance. Thus, this states that the broad monitoring is a direct assault on user privacy and goes beyond the boundaries of the Constitution in pursuit of tax enforcement. The post The Blockchain Bulletin, May 2: Sony and Plume Bring Real Yields On-Chain appeared first on Cryptotale.
Plume Airdrop Season 1 Claim Suspended, Mainnet Launch Imminent
PANews reported on May 1 that the Plume Foundation announced the suspension of the first season of Plume airdrop claims. After the Plume mainnet launch, additional mechanisms will be introduced to earn rewards and participate in the ecosystem. Delayed reward claims are no longer available, and users who have not claimed can do so on the upcoming Plume mainnet, which is about to be released.
Sony's Soneium and Plume unite to bring real-world yield to millions through SkyLink
Key Takeaways Plume and Soneium are partnering to offer real-world asset staking and yield opportunities to 5.1 million users. The SkyLink interoperability layer allows integration with tokenized assets like US Treasuries and private credit through the Plume chain. Soneium, Sony’s public blockchain, is collaborating with Plume, the full-stack layer 1 chain built for scaling Real World Asset Finance (RWAfi), to deliver real-world asset staking and yield opportunities to Soneium’s user base. As part of the partnership, Soneium will integrate SkyLink—Plume’s native interoperability layer. This will enable real-world asset value and yield to flow securely cross-chain, Plume said in a recent announcement. Through this integration, Soneium’s 5.1 million users can gain access to asset-backed yield products, including tokenized US Treasuries and private credit, directly from the Plume chain. Plume CEO Chris Yin said the partnership supports the company’s mission to make real-world assets more accessible and interoperable across blockchain ecosystems. The goal, he said, is to allow users to tap into institutional-grade yield products and help drive more mainstream adoption of RWA-based finance in crypto. “The future of RWAfi isn’t just about assets living on a single chain, but enabling real yield to flow seamlessly wherever users are,” Yin stated. Soneium, developed as a joint initiative between Sony Group Corporation and Startale Group, is preparing to launch blockchain-powered mini-apps through LINE. The platform recently partnered with Moca Network to expand into digital identity, anime, and gaming experiences. Ryohei Suzuki, Director of Sony Block Solutions Labs, said the partnership with Plume allows Soneium to connect the world of blockchain with tangible financial returns from real-world assets. This makes Web3 and blockchain technology more practical and relevant to everyday financial activities. “The ability to offer access to real-world yield through tokenized assets is a major step forward in making blockchain services relevant to mainstream financial use cases,” Suzuki noted. “This partnership with Plume unlocks a compelling new layer of value for our ecosystem and users.” Last month, YZi Labs, formerly known as Binance Labs, announced that it had made investments in Plume Network to expand the Real World Asset Finance ecosystem. Plume’s blockchain, which is EVM-compatible, supports a diverse range of RWAs, including financial instruments, carbon credits, and collectibles, among others. The platform currently hosts over 180 projects built on its network.
Sony and Plume Bring Real-World Finance to Blockchain
Users on Soneium can now earn from tokenized bonds and private loans with simple access. Plume connects real finance to blockchain, making it easier and safer to invest in. Sony’s tech and Plume’s system now bring money tools to apps that many people use daily. Sony Block Solutions Labs’ Soneium and blockchain platform Plume have joined forces to bring real-world asset (RWA) yields on-chain. The initiative uses SkyLink, an interoperability layer developed by Plume, to enable RWA staking and yield transfer directly on Soneium’s Ethereum Layer-2 network. This integration allows Soneium’s 5.1 million users to access institutional-grade products like tokenized U.S. Treasuries and private credit instruments. Real World Assets Get a Major Boost – @plumenetwork partners with Soneium by @Sony Block Solutions Labs. SkyLink, Plume’s interoperability solution for cross-chain RWA yield distribution, is firing up real yield for millions of Soneium ecosystem users. … pic.twitter.com/3jwObGX7VE — Soneium (@soneium) April 30, 2025 Blockchain Bridges Traditional Finance Plume specializes in RWA finance and is now integrating SkyLink into Soneium’s infrastructure. This step provides seamless and secure asset transfer across blockchains. Through SkyLink, users can stake and earn yield from real-world assets without exiting the Soneium platform, significantly increasing ease of access. Plume supports over 180 companies and manages tokenized assets exceeding $4 billion, including issuers like Ondo Finance. This partnership also paves the way for a Soneium large user base to connect directly to financial products backed by assets in an absolute sense. The expansion of blockchain adoption is broadening those who make use of it towards more traditional finance users-plume in itself means that “The Future of RWAfi isn’t waiting for assets to live on just one chain, but for allowing massive real yield to flow seamlessly wherever users are,” according to the CEO of Plume, Chris Yin. Further, it strengthens Plume’s vision of connecting decentralized platforms to real-world finance with scalable solutions in blockchain. Soneium Expands Its Web3 Footprint Soneium, developed by Sony Block Solutions Labs—a joint venture between Sony Group Corporation and Web3 company Startale Group—is at the forefront of consumer-facing blockchain development. Soneium plans to launch blockchain-powered mini-apps via the LINE messaging platform, increasing accessibility for daily users. The platform is designed for creators and consumers, aiming to make Web3 tools practical and engaging. For the sake of broader applications, Soneium also partnered with Moca Network, one of the members of the Plume ecosystem. This partnership will explore digital identity and anime IP such as Solo Leveling, as well as blockchain-based gaming. Ryohei Suzuki, Director of Sony Block Solutions Labs, said, The ability to offer access to real-world yield through tokenized assets is a major step forward in making blockchain services relevant to mainstream financial use cases. This partnership with Plume unlocks a compelling new layer of value for our ecosystem and users. Can Blockchain Drive Real Financial Utility? The collaboration underlines a joint mission to make blockchain finance tangible, usable, and valuable to mainstream users. Plume, dubbed the first full-stack RWA chain, brings its tokenization engine and EVM-compatible infrastructure into Sony’s Web3 strategy. Hence, users will now experience secure, yield-generating products on-chain, without complex cross-chain interactions. As traditional finance merges with blockchain infrastructure, the move by Sony’s Soneium and Plume could set a precedent for future financial services. The post Sony and Plume Bring Real-World Finance to Blockchain appeared first on Cryptotale.
Soneium and Plume Bring Tokenized US Treasuries and Private Credit Yields Onchain
Plume , a modular Layer-2 blockchain for Real World Asset Finance ( RWAfi ), has partnered with Soneium , an Ethereum Layer-2 open blockchain developed by Sony Block Solutions Labs , to provide Soneium’s users with RWA staking and real-world yield through Plume’s native interoperability layer SkyLink. Per the press release shared with Cryptonews, the SkyLink integration enables users to stream real-world asset value and yield securely cross-chain. Therefore, they get access and exposure to asset-backed yield products, including yield from tokenized US Treasuries and private credit from the Plume chain, the team claims. The email states that the launch will “leverage a real-world asset distributor managing more than $4 billion in tokenized assets, including products from Ondo Finance , a major issuer of tokenized US treasuries.” 💿 🪶 Real World Assets Get a Major Boost – @plumenetwork partners with Soneium by @Sony Block Solutions Labs. SkyLink, Plume’s interoperability solution for cross-chain RWA yield distribution, is firing up real yield for millions of Soneium ecosystem users. ▶️… pic.twitter.com/3jwObGX7VE — Soneium 💿 (@soneium) April 30, 2025 Furthermore, the integration forms “an interconnected RWAfi network” to speed up mainstream RWA adoption. Plume CEO Chris Yin commented that the blockchain aims to advance RWAs in order to grow the crypto ecosystem as a whole. The partnership with Soneium will “accelerate previously inaccessible yield opportunities for over 5.1 million users in their ecosystem.” “The future of RWAfi isn’t just about assets living on a single chain, but enabling real yield to flow seamlessly wherever users are,” Yin says. According to Ryohei Suzuki, Director of Sony Block Solutions Labs, “the ability to offer access to real-world yield through tokenized assets is a major step forward in making blockchain services relevant to mainstream financial use cases. This partnership with Plume unlocks a compelling new layer of value for our ecosystem and users.” You might also like Chris Yin, CEO of Plume, on RWA-Flavored Crypto and Tokenizing Everything | Ep. 362 Plume Price and Soneium TVL Rising Plume says it’s a full-stack RWA Chain and ecosystem with more than 180 projects building on it. It offers an end-to-end tokenization engine, a network of financial infrastructure partners, and an EVM-compatible environment for onboarding and managing diverse RWAs. “Anyone can tokenize real-world assets, distribute them globally, and make them useful for native crypto users,” the team claims. At the time of writing, the PLUME token trades at $0.189. It’s up 11% in a day, 8.3% in a week, and 12.4% in a month. The coin hit its all-time high of $0.2475 in March 2025. It has decreased by 23.1% since. Source: CoinGecko Meanwhile, Soneium is a Layer-2 blockchain built on Optimism’s OP Stack , developed by Sony Block Solutions Labs, a joint initiative established by Sony Group Corporation and Startale Group. Soneium’s total value locked (TVL) has recently surpassed $100 million, now standing at $155.48 million, according to DeFiLlama. It’s up 15% over the past 24 hours. Source: DeFi Llama Earlier in April, Astar , a collective promoting Web3 adoption, partnered with decentralized protocol AltLayer and restaking protocol EigenLayer to build a Fast Finality Layer for Soneium . In March, Soneium joined hands with game software and venture capital company Animoca Brands and San FranTokyo , a core contributor to Anime Foundation . Animoca Brands’ flagship digital identity infrastructure platform, Moca Network , will create a premier identity layer on this blockchain. With this move, Soneium aims to expand into digital identity, popular anime like Solo Leveling, and gaming experiences, the press release says. Also in March, Soneium partnered with Japanese social media platform LINE to bring four gaming applications on-chain. You might also like Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer
Sony’s Soneium and Plume Collaborate to Provide On-Chain RWA Yield Product Access
Soneium, Sony's Ethereum Layer 2 blockchain, has announced a partnership with Plume, a modular Layer 2 blockchain focused on real-world asset finance (RWAfi). Through Plume's cross-chain interoperability layer SkyLink, Soneium users will have access to on-chain RWA collateral and yield products, including tokenized US treasuries and private credit assets. This integration will leverage a network of issuers managing over $4 billion in tokenized assets, including major tokenized US treasury issuer Ondo Finance.
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