- Plume token surged 11% after Binance announced it would distribute 150 million tokens through its HODLer Airdrops program.
- Trading volume increased dramatically, with derivatives volume jumping 367% and spot volume rising 283%.
- With multiple trading pairs available, Binance will officially list PLUME for trading on August 18 at 15:00 UTC.
Plume token experienced significant price appreciation after Binance confirmed its inclusion in the HODLer Airdrops program. The cryptocurrency jumped from $0.09 to $0.102, marking an 11% increase that outperformed the broader market during declining crypto valuations.
The announcement triggered immediate market reaction. Trading activity surged across both derivatives and spot markets. CoinGlass data revealed that derivatives volume increased by 367% to nearly $100 million. Spot market trading volume expanded by 283% in a single day.
Technical Breakout Supports Price Movement
Market analysis indicates Plume broke through a key consolidation range between $0.09 and $0.11. The token pushed above its 30-day moving average near $0.101, establishing this level as short-term support.
Technical indicators suggest potential for continued upward momentum. The Relative Strength Index remains below overbought territory. Based on Fibonacci retracement calculations, analysts have identified the next resistance level near $0.115.
The rally occurs against challenging market conditions. The Altcoin Season Index dropped 8.5% within 24 hours. Bitcoin declined 3% during the same period. Plume’s performance demonstrates resilience amid broader crypto market weakness.
Binance HODLer Platform Launch Details
Binance announced the distribution of 150 million PLUME tokens through its HODLer platform. This allocation represents 1.5% of the total token supply. Eligible users who subscribed to BNB Simple Earn and On-Chain Yields between July 24 and July 27 will receive rewards.
Official trading begins on August 18 at 15:00 UTC. Binance will offer trading pairs against USDT, USDC, BNB, FDUSD, and TRY. The exchange opened deposits earlier and assigned the “seed tag” designation, indicating higher-risk status for newer projects.
The initial circulating supply totals 2.65 billion PLUME tokens, accounting for 26.5% of the maximum 10 billion token cap. Beyond the airdrop allocation, Binance reserved 25 million PLUME for liquidity and marketing initiatives. An additional 100 million tokens remain locked for six months.
Galaxy Ventures provides backing for the Plume project. The platform recently launched an accelerator program operated by Odisea to support Real World Asset ecosystem startups. Major industry players, including Centrifuge, Anchorage Digital, and OKX Ventures, participate in the initiative.
The Binance listing represents a significant milestone for Plume’s market presence. The HODLer Airdrops program has demonstrated increasing influence on token momentum during early trading phases. Market observers expect continued attention as trading commences.
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