Why Is Galaxy Backed Plume Price Soaring?

Plume price recorded gains after Binance confirmed that the token would be featured in its HODLer Airdrops program. The news led to an 11% rally with the token now set for spot listing.

Plume Price Surges Amid Binance Airdrop Announcement

The Plume price has increased over 11%, jumping from $0.09 to $0.102. The move followed Binance’s announcement that it would distribute 150 million PLUME tokens. 

The token also immediately saw higher trading activity. Data from Coinglass shows derivatives volume surged 367% to nearly $100 million. This reflects a wave of speculative bets ahead of Binance’s listing. On the spot market, PLUME’s daily trading volume leapt by 283%, even as the broader crypto sector declined by more than 3%.

Beyond the airdrop hype, technical indicators strengthened the case for Plume’s rally. The token broke out of a $0.09–$0.11 consolidation range and pushed above its 30-day moving average near $0.101, a level now acting as short-term support. Analysts say the next resistance lies near $0.115, based on Fibonacci retracement levels.

Momentum indicators also suggest more room for a Plume price upside. The RSI is below overbought territory, signaling the potential for continued gains. Plume’s surge is particularly notable given the broader market backdrop. The Altcoin Season Index dropped 8.5% in 24 hours, and Bitcoin down 3%.

Binance Launches PLUME on HODLer Airdrops Platform

In a recent post, Binance announced the launch of PLUME on its HODLer platform. The exchange would share 150 million of the tokens with investors. This is equal to 1.5% of the total supply. It would be shared among users who subscribed to BNB to Simple Earn and On-Chain Yields between July 24 and July 27. Rewards will be deposited into eligible spot accounts shortly before the official listing goes live.

Trading for Plume will officially launch on Binance on August 18 at 15:00 UTC, with pairs against USDT, USDC, BNB, FDUSD, and TRY. Deposits opened earlier in the day, and the token will carry Binance’s “seed tag,” a label reserved for newer, higher-risk projects.

Furthermore, at launch, circulating supply will stand at 2.65 billion PLUME, or 26.5% of the total 10 billion token cap. Aside from the initial 150 million PLUME tokens airdropped, Binance has allocated an additional 25 million PLUME for liquidity and marketing incentives post-listing, with another 100 million to be unlocked in six months.

It is also worth mentioning that Galaxy Ventures backs the token. Plume recently introduced an accelerator program operated by Odisea to support emerging startups in the RWA ecosystem. Leading companies like Centrifuge, Anchorage Digital, and OKX Ventures have participated in the program, demonstrating the growing institutional interest.

Plume is poised for a spectacular spot trading debut thanks to this Binance listing. The most recent spike in Plume’s price further demonstrates how significant the exchange’s HODLer Airdrops program has grown in influencing the early momentum of tokens.