Plume (PLUME) is a layer-1 chain built for tokenized real-world assets (RWA). Binance listed PLUME for spot trading on August 18, 2025, after an Alpha stage, and the pair was still trading on October 7. The token traded at $0.01806 that day, 92.7 percent below its all-time high.
Where it stands
Binance's public market data shows the first PLUME/USDT spot candle opening at $0.072 at 15:00 UTC on August 18, 2025. On October 7 CoinGecko showed PLUME at $0.01806 with a market cap of $119.3 million, a fully diluted value of $180.6 million and 6.6 billion tokens circulating. Its all-time high is $0.2475 and its all-time low $0.008549. The busiest venues include Binance, Gate, KuCoin and Coinbase.
The chain itself keeps shipping. The table lists dated events from Plume's own channels and earlier sources.
| Date | Event | Source |
|---|---|---|
| August 18, 2025 | PLUME/USDT spot opens on Binance | Binance market data |
| July 8 | Binance Wallet adds Plume's nBasis vault on Nest | The Block |
| July 21 | About 239.65 million PLUME (2.4% of supply) scheduled to unlock | CryptoRank |
| August 27 | nOPAL, a Brazilian credit card receivables product, reaches Bybit RWA Earn | Plume blog |
| September 24 | nPRIME vault opens access to Figure's home equity ecosystem | Plume blog |
| October 5 | nBND vault gives onchain exposure to Fidelity's Total Bond ETF | Plume blog |
Binance Wallet's July 8 addition of the nBasis vault on Nest gives wallet users onchain access to institutional fund strategies, including Invesco and Bitwise products, The Block reported. CryptoRank's vesting tracker scheduled about 239.65 million PLUME, roughly 2.4 percent of total supply, to unlock on July 21. That date is behind us.
Plume's Bybit post says nOPAL holds over $70 million in total value locked and earns a roughly 12 percent 30-day rolling yield. Those are Plume's own figures. Its October 5 post adds that tokenized US treasuries grew from $12 billion in April to $15 billion in June.
How the Binance staircase worked
There are two ways onto the world's largest exchange. The front door is a surprise announcement and a vertical candle. Plume took the staircase: Alpha first, the early-access venue where Binance watches how a token trades, then full spot, which brings full order books, deeper liquidity and broader user access and is generally read as Binance trusting measured demand. The sources checked give no firm Alpha date, so the board shows 2025 for that step. Each step increases distribution and exposes the token to more sellers as well as buyers.
The reason RWA wanted its own chain comes down to plumbing. Tokenized securities carry transfer restrictions, investor whitelists, jurisdictional gates and auditable reporting. On a generic layer-1, every issuer rebuilds that compliance layer alone. Plume's wager is that making these chain-level features turns each new traditional-finance issuer from an integration project into a tenant. Binance's wider June listing slate, covered in our RWA wave piece, followed the same logic.
Risks and what to watch
Access did not support the price, and a listing is a distribution event rather than a demand guarantee.
A staircase listing has no single moment of maximum surprise, because the price absorbs the Alpha debut, the graduation talk and the announcement in sequence. What reveals demand is the volume that remains a month later. Access that sticks means demand was real, and access that decays means the ladder climbed faster than the audience grew. More than a year on, the 92.7 percent drawdown points to the second case.
The homework stays the same: float, fully diluted value and the unlock calendar, as in the tokenomics read. Infrastructure chains carry chunky investor and foundation allocations, and unlocks land close to listings. We could not load a current schedule for the next one, so check the calendar before the candle does.
- Next unlock: the date and size of the next vesting event. We did not verify it.
- Season 2 airdrop: the claim window ran into August. Our tracker entry covers who qualifies.
- Vault inflows: whether the Bybit and Fidelity-linked products draw deposits at scale.
Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.
