Plume saw significant momentum on Monday after Binance confirmed its participation in the HODLer Airdrops program, fueling increased activity in both spot and derivatives markets ahead of the token’s trading debut.
Over the past 24 hours, PLUME jumped more than 10%, reaching $0.1054 at press time, following Binance’s announcement. Market engagement has been strong, with spot trading volume rising 175% to $46.55 million. Meanwhile, futures open interest climbed 22.8% to $46.6 million, and derivatives volume soared 367.5% to nearly $99.4 million, according to Coinglass data.
Binance Listing Sparks PLUME Surge
On August 18, Binance announced it would distribute 150 million PLUME tokens—representing 1.5% of the total supply—to users who subscribed to BNB (BNB) via Simple Earn and On-Chain Yields between July 24 and 27. The exchange confirmed that rewards would be distributed ahead of PLUME’s spot listing later the same day.
The announcement sparked immediate buying interest, with trading and futures activity nearly matching the token’s entire weekly average within just a few hours. In addition, Binance plans to allocate 25 million PLUME tokens for marketing and liquidity initiatives following the listing. Notably, this comes only two months after Plume launched its mainnet.
Plume’s surge coincides with Binance’s broader push to expand its HODLer Airdrops program, which recently included smaller tokens such as LISTA and ETHFI. The initiative has become a key liquidity driver for early-stage projects, frequently triggering sharp spikes in trading volume around listing events.
PLUME technical analysis
The effect of the listing announcement is evident on Plume’s price chart. After hovering between $0.09 and $0.11 last week, the token surged sharply, pushing past the middle Bollinger Band. Momentum is building as the price heads toward recent highs around $0.1103.
Additionally, the relative strength index (RSI) climbed above 60, signaling strong buying pressure while still leaving room before reaching overbought territory.
If PLUME breaches the $0.11 resistance, short-term momentum could push it toward the $0.12 range. On the downside, support sits near $0.095, with a deeper pullback toward $0.089 possible if market sentiment softens.
