$100 million went into $PLUME . Not one dollar of it bought the token.
If you saw the Ether.fi headline and wondered why PLUME barely reacted, this is probably why. The money went into Nest vaults, which hold tokenized yield products. As far as I can find, PLUME's job is gas, staking and governance. I found no revenue share and no buyback.
Meanwhile, the "20% float" number people still quote is the launch figure. Roughly 60% circulates now, and about 2% of total supply unlocks every month through January 2028. That's a slow drip with no revenue claim to absorb it.
The usage side is real, though. RWA.xyz shows around 260,000 holders, which is rare at this size. But sources disagree on capital: Plume cited $645M at its Q3 2025 peak, while RWA.xyz showed about $177M excluding stablecoins in August. Holders stayed, and the capital may have thinned.
My read: the network can win while the token doesn't. Those are two different bets, and Plume is where they're easiest to confuse.
I'm watching two things. Does vault revenue ever reach PLUME, and does staking demand grow enough to absorb the monthly unlocks?
Are you holding Plume for the network or for the token?
#Plume #RWA #Tokenomics #ZeroHunter #ZeroResearch
If you saw the Ether.fi headline and wondered why PLUME barely reacted, this is probably why. The money went into Nest vaults, which hold tokenized yield products. As far as I can find, PLUME's job is gas, staking and governance. I found no revenue share and no buyback.
Meanwhile, the "20% float" number people still quote is the launch figure. Roughly 60% circulates now, and about 2% of total supply unlocks every month through January 2028. That's a slow drip with no revenue claim to absorb it.
The usage side is real, though. RWA.xyz shows around 260,000 holders, which is rare at this size. But sources disagree on capital: Plume cited $645M at its Q3 2025 peak, while RWA.xyz showed about $177M excluding stablecoins in August. Holders stayed, and the capital may have thinned.
My read: the network can win while the token doesn't. Those are two different bets, and Plume is where they're easiest to confuse.
I'm watching two things. Does vault revenue ever reach PLUME, and does staking demand grow enough to absorb the monthly unlocks?
Are you holding Plume for the network or for the token?
#Plume #RWA #Tokenomics #ZeroHunter #ZeroResearch