Plume Network brushes past all doubts in June with an unusual traction in RWA holders, suggesting that great eagerness exists for the project as it seeks to change the face of asset tokenization on the blockchain amid some controversies.
Several key factors helped drive this growth in RWA holder count on Plume.
RWA Holders on Plume Surpassed Ethereum
The RWA market just exploded. A tidal wave of new adopters surged: there was more than a doubling of all Real World Asset (RWA) holders in just one month. May closed with about 110,000 holders; however, June saw a meteoric rise going all the way past 210,000. Where will this rocket launch take us next?
RWA holders represent wallet addresses that hold tokenized real-world assets on each blockchain network.
Notably, Plume Network contributed the most to this growth. It reached 103,000 holders within just two months.
RWA Holder Count by Blockchain. Source: RWA.xyz
Plume just turned everything around! Now half of all real-world-asset (RWA) asset holders are calling Plume their home, with the Ethereum being deposed as the reigning champion.
At present, Plume’s total RWA value stays on the low side of $100 million-faint traces of untold stories originating from unpaid work-that is to say, it is a reason to believe that participants on the networks, in numbers, carry lighter portfolios of assets.
Top 10 Blockchains by RWA Holder Count. Source: RWA.xyz
The Plume Network has a Real-World Assets(RWA) Domination. CEO Chris Yin also stated, “Plume hosts more RWA holders than the top FIVE chains put TOGETHER.”
What Has Plume Done Since Its Co-Founder’s Tragic Death?
Over the past month, Plume has made several notable moves.
Look at what the Plume Foundation has just unleashed upon us: a general token lock-up for ALL! Ditch that old schedule! The next unlock is locked for January 2026. Prepare for the long haul.
This decision aims to prevent short-term sell pressure, stabilize the market, and encourage long-term participation from the community.
In addition, Plume has partnered with Nick van Eck’s Agora to launch the AUSD stablecoin on Plume’s network.
At late May tragedy hit the Plume Network with the passing of co-founder Eugene. In the aftermath of this saddening loss, the PLUME token took a heavy beating, going down by over 40%.
PLUME Price Performance Over The Past Month. Source: BeInCrypto
With PLUME showing faint signs of life after plummeting from its heyday of $0.20 to a low of around $0.09, a 15% jump on today is a glimmer of hope: Could it be a dead cat bounce, or is it a rally in disguise? Investors await anxiously to see if PLUME is able to retrace its lost heights.
Despite the co-founder’s death casting its shadow, PLUME’s on-chain metrics tell of a project full of promising potential. Yet, has this ray of hope truly caught on? Investors remain wary, and the PLUME token is struggling to flee the hazardous altcoin market still engulfed in doubt.
Thanks for reading How Plume Drove a 100% Jump in RWA Holders to Overtake Ethereum
