Once upon a crypto minute, in the wild, untamed world of blockchains and “tokenized real-world assets” (because apparently, we needed that term), there came this plucky little network called Plume. Fueled by caffeine, ambition, and controversy thicker than an English fog, Plume Network somehow managed to more than double its number of RWA holders in June. Yes, despite the controversy. Because if crypto loves anything, it’s a good story. Preferably with a sprinkle of drama.
How did this happen? Was it dark magic, a strategic masterstroke, or did someone just accidentally click “Duplicate Wallets” too many times? Let’s investigate 🕵️.
Move Over, Ethereum—Plume’s Got (Real World) Assets. Or at Least, Wallets
If you’re the sort who likes numbers (or just big numbers), here’s one for your bingo card: RWA.xyz says the number of RWA holders somehow leapt from 110,000 at May’s end to over 210,000 in June. I haven’t seen a jump like that since my neighbor discovered a wasp in his trousers.
What on earth is an “RWA holder?” Glad you asked—imagine a wallet. Now, imagine it’s digitized and claims to own a slice of something real, like property, or the optimism someone had at the start of 2022. That’s your RWA holder.
Somehow, Plume conjured up 103,000 holders in two months. Probably by offering free virtual muffins with every sign-up, but details are sketchy.
Now, Plume has strolled past Ethereum’s majestic gates, waving as it overtook the #1 spot for the largest number of RWA holders. In fact, Plume is now sitting on half of all RWA holders across the entire market. Which is either impressive or vaguely alarming, depending on how you feel about monopoly board games in blockchain form.
But—there’s always a “but”—Plume’s total asset value lingers at less than $100 million. For a network theoretically brimming with wallets, that’s a bit like winning “Most Friends on Facebook” and discovering none of them know your birthday.
“More RWA Holders on Plume than the rest of the top 5 chains combined,” said Chris Yin, CEO and possibly new crypto Bond villain. I’m kidding, Chris, you seem lovely.
Tragedy, Tokens, and Tightly Locked Doors
💵.
Meanwhile, with the community still in mourning and investors squinting suspiciously at every price tick, the PLUME token has had a tumble. After Eugene’s death, it slid more than 40%, dropping to about $0.09. Some optimistic souls saw a 15% rebound today, but that feels a little like getting a free coffee after your house burns down.
So, yes, growth is up, optimism is back on-chain, and the holder count is looking healthier than a New Year’s gym membership list. But when it comes to actually convincing investors that everything’s fine, Plume might still have some way to go. After all, it’s one thing to have more wallets than Ethereum, and another to be worth more than the loose change down the back of Vitalik Buterin’s sofa.
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2025-06-24 21:05