Despite a 15% daily rebound, the PLUME token is still down over 40% since co-founder Eugene’s death at the end of May.
Plume Network, a blockchain project specifically designed to accelerate real-world asset (RWA) adoption on-chain, saw an impressive rise in RWA holders in June, despite ongoing controversy surrounding the project.
Several key factors helped drive this growth in RWA holder count on Plume.
According to data from RWA.xyz, the number of RWA holders doubled over the past 30 days. It jumped from 110,000 at the end of May to over 210,000.
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.
As of now, Plume accounts for 50% of all RWA holders across the market. It has overtaken Ethereum to become the blockchain with the largest number of RWA holders.
However, the data also reveals that Plume’s total RWA value remains under $100 million. This modest figure reflects the relatively small asset size held by most network participants.
“More RWA Holders on Plume than the rest of the top 5 chains combined,” Chris Yin, CEO and co-founder of Plume Network, said.
Over the past month, Plume has made several notable moves.
Most recently, the Plume Foundation announced a uniform token lock-up rule for all investors and core contributors. The previously scheduled token unlock has been postponed until January 2026.
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.
These achievements came after Eugene, Plume Network’s co-founder, passed away at the end of May. Since then, the PLUME token has suffered a sharp decline of more than 40%.
BeInCrypto data shows that PLUME is currently trading around $0.09. Although the price has recovered by 15% today, the gain remains small compared to its drop from a high above $0.20.
On-chain data may paint an optimistic picture of the project’s growth after the co-founder’s passing. However, it has yet to fully convince investors to return to the PLUME token, especially in an altcoin market still plagued by skepticism and fear.
