PLUME: 60% Down?! 😱

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Oy vey! So, this Plume thing… it’s taken over the Real-World Assets market like a gefilte fish at a bar mitzvah! More than half the investors? Nu, that’s somethin’. But here’s the kicker – the price is down 60%! Sixty percent! It’s like investing in a Broadway show that closed on opening night!

According to some research shmoes at Tiger Research, the number of Plume holders went from 167,000 in June to over 200,000 in September. That’s…a lot of people. Apparently, one out of every two folks dabbling in tokenized real-world assets is doing it through Plume. Like they have a choice! It’s a monopoly, I tell ya, a MONOPOLY!

The Three Reasons Plume Is Suddenly a Big Shot

Alright, so why the sudden popularity? First, these Plume guys – the *meshuggenahs* – they don’t bother with the boring stuff like cost efficiency. They went “DeFi-first,” whatever that means. It’s all about yield and composability, see? You can lend it, borrow it, use it as collateral. It’s like a financial Lego set! A very, very confusing Lego set.

This is a smart move, because, apparently, crypto people are obsessed with maximizing returns. Who knew?! Traditional models can’t compete! They’re still using *abacuses*!

Messari says Plume started with $65.8 million and now it’s $170 million. $170 MILLION! That’s enough to buy a small country… or at least a really nice deli. And it’s all spread across 202,000 addresses. Superstate, Nest, and some outfit called Mercado Bitcoin are holding the biggest piles of this stuff. Big piles, folks, BIG piles!

And the DeFi activity? Fuggedaboutit! $577.8 million locked up! And $4.9 billion in PLUME! It’s a goldmine! … Or it *would* be, if the price wasn’t in the basement.

Now, get this. These Plume guys are actually *talking* to the SEC! And regulators in Asia! They’re trying to be…responsible?! It’s like a gangster trying to pay his taxes! They call this a “regulatory moat.” A moat! Against the government! The chutzpah!

And they don’t stop there! They want to tackle Bitcoin! $2.18 TRILLION in Bitcoin just sitting there? They want to make it “programmable.” Programmable! As if Bitcoin wasn’t complicated enough! There’s risks, see? Smart contract risks, custody risks, and the regulators… *oy*, the regulators!

So, About That Price… What’s the Deal?!

Okay, okay. So Plume is the big enchilada in RWA and they’re going after Bitcoin. Sounds fantastic, right? A new ecosystem, reducing regulatory risks, bridging Web3 and… whatever the old world is called. A golden opportunity!

But the price? The price is a disaster! $0.0969! 60% down! It’s enough to make a grown Crypto-bro cry! It spiked after getting listed on Binance, but then… *poof*! Whales sold off their holdings. Whales! And the token unlock? Don’t even get me started. It’s a mess, I tell ya, a complete and total mess! 🤷‍♂️

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2025-09-26 11:18