$PLUME - newly launched project on Binance spot today. It’s building a modular Layer 2 blockchain focused on real-world assets (RWAs) — things like tokenized bonds, equities, real estate, etc. Unlike many chains that mix DeFi and gaming, Plume is positioning itself as an infrastructure layer for tokenizing and trading RWAs.

Founders & Backers: Started by ex-Goldman Sachs and Web3 builders; backed by big names like Polychain Capital, Haun Ventures, Galaxy Digital, and Superscrypt.

On May 29, 2025, Plume Network announced via its official X (formerly Twitter) channel that co-founder Eugene Shen had “passed away earlier this week. The news triggered a sharp market response: PLUME's price dropped over 10% within about an hour, slipping from approximately $0.157 to $0.143 amid a surge in trading volume.

Use Case: Bridges traditional finance with blockchain by making RWAs easier to launch, trade, and manage.

Token Utility: Used for governance, staking, paying fees, and incentivizing network growth.

Narrative Fit: RWA is one of the strongest crypto narratives right now, with trillions in potential market size.

Think of it as the “base layer for the Wall Street of crypto.”