Key Takeaways
Plume caught the attention of the market by raising $20 million in its Series A funding round led by Brevan Howard Digital on Dec. 18, 2024. It describes itself as a Layer-1 that is purposefully built to secure Real World Assets (RWA).
Plume had its TGE on Jan. 21 and currently trades at $0.20 and ranks just outside the top #200 largest cryptocurrencies based on their market capitalizations.
With that in mind, let’s look at how the airdrop went and analyze the outlook for the next few weeks.
The PLUME airdrop has unlocked 2 billion tokens, which is 20% of the total supply of 10 billion. 700 million went to the community while the other 1.3 billion went to the ecosystem.
The community will not receive any more airdrops. Rather, the vesting schedule shows that 3.56 million PLUME will be unlocked each day. In the end, the maximum supply will be divided as follows: 39% to the “Community & Ecosystem”, 41% to “Early Backers and Contributors” while the rest to the “Foundation” and to the “Community Airdrop”.
According to the Plume team , the season 1 airdrop will reward early adopters for their key roles in the development of the ecosystem. More specifically, those who will be rewarded are: Testnet users with miles, active community members and pre-deposit stakers.
Users can also defer their claims until the mainnet launch to receive an additional 66% of rewards added to their original allocations. Users can also stake their PLUME tokens for a 10% yield. While there is no exact date for the mainnet launch yet, more than 180 teams have already joined the chain and are building on it.
Several centralized exchanges (CEX) have listed PLUME, and Bybit have added a 40 million token prize pool for those that deposit and trade PLUME. Other exchanges that have listed it are BitGet, HTX and KuCoin.
While there is insufficient data to make a detailed PLUME price analysis, the price has increased since its launch, creating several higher lows and an ascending parallel channel. The movement inside the channel is likely a five-wave increase (white), where PLUME is in the fifth and final wave.
A likely target for the top of this increase is at $0.26, created by the 1.61 external Fibonacci retracement of wave four and the channel’s resistance trend line. In this possibility, the five-wave increase would end at the resistance trend line, leading to a correction afterward.
Conversely, a breakdown from the channel will instead mean the upward movement is over. This could lead to a 40% drop to the closest support at $0.12.
PLUME’s airdrop was successful and there are no community complaints about it. The most likely PLUME prediction is an upward movement to $0.26, though a breakdown from the current pattern will put this at risk, possibly triggering a 40% drop to the closest support area.