Plume Network Airdrop Disappoints, PLUME Price Prediction After Listing

Layer 1 for Real World Asset (RWA) - Plume Network (PLUME) - has officially listed on the exchange. However, the airdrop campaign of this project has not satisfied the early participants for many reasons. The PLUME price has also recorded a decline of more than 35% from the peak after listing.

Here are the observations from BeInCrypto about the predictions surrounding the future of this Layer 1.

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Plume Network (PLUME) Drops Over 35% After Reaching Peak

According to BeInCrypto data, the PLUME price on ByBit has at one point exceeded $0.2, recording a Fully Diluted Valuation (FDV) of over $2 billion. But at the time of writing, the price has dropped more than 35% and is currently trading around $0.14.

Compared to the recent new listings, the FDV level of PLUME is considered high. It was thought that this would make the airdrop investors happy, but in reality, there are many dissatisfied opinions due to the lack of clarity and professionalism of the project in distributing the airdrop.

According to BeInCrypto's research, some investors have experienced the loss of reward points (Miles) due to the ineffective user filtering process of Plume Network, especially when the number of users is very large. This has caused dissatisfaction as many people have put in effort to participate but did not receive the deserved rewards.

"I have 2.3 million Miles points, 32 Gitcoin points, 23 stamps, Premium rank, Legendary NFT, but it was rejected, I asked on Discord and they just went around in circles, then gave me a form to fill out. The developers didn't set any criteria at all, it's all a blur." - Investor lemin.base.eth commented.

The project did not clearly disclose the airdrop criteria, and the early users who did not receive the airdrop also did not have any explanation. For now, the complaints in the community are creating a negative sentiment towards Plume Network.

Positive Expectations for Plume Network (PLUME) in the New Context

According to Plume's announcement, more than 180 partners have joined Plume to use the infrastructure, including Arc for asset tokenization, Passport for smart wallets, Nexus for data integration, and SkyLink for interoperability. In addition, well-known names like Ondo, Royco, Elixir, and many other organizations are integrating with Plume.

For now, the project says it has tokenized over $4 billion in traditional asset value onto the blockchain, including renewable energy projects, private credit, and specialty products like GPUs and carbon credits.

"The PLUME token is currently at a fully diluted valuation (FDV) of $1.7 billion, corresponding to a price of $0.17 per token. This is a slight adjustment from the $2 billion FDV and almost a 100% increase from yesterday. You want to know what I think? Plume is the largest Layer 1 blockchain in the RWAfi space with over 180 protocols in the ecosystem. I believe the chances of Plume dropping below a $1 billion valuation are very low, and I expect at least a $2 billion FDV when the mainnet launches." - Investor Carbz predicted.

According to Carbz's perspective, with a total supply of over 10 billion, PLUME below $0.1 is a good buying opportunity, and PLUME will have a price range of $0.2 in the future.

At the time of writing, the total on-chain RWA value continues to set a new high, exceeding $16.6 billion (excluding stablecoins), with the majority being private credit and US bonds. This is a sign that the demand for RWAfi shows no signs of cooling, especially in the context of the new administration under President Trump creating a more favorable legal environment for the crypto market.

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