Plume Network Sees 20% Surge After Investment Announcement
- Plume’s native token, PLUME, jumped 20% following an investment from YZi Labs
- PLUME’s price reached $0.18, close to its all-time high of $0.21
- Notable investors in Plume include Brevan Howard, Haun Ventures, and Galaxy
After YZi Labs, formerly known as Binance Labs, announced its investment in Plume Network, the platform’s native token, PLUME, experienced a significant 20% surge.
PLUME’s price rose to $0.18, nearing its all-time high of $0.2108, which was reached in January 2025. According to CoinGecko data, the current price is just 15% below that peak.
YZi Labs Backs Plume Network’s RWAfi Initiative
Plume Network is focused on connecting traditional finance with decentralized finance through its platform. The project has gained attention and investments due to its efforts in the real-world assets market, attracting support from key players like Brevan Howard Digital, Haun Ventures, and Galaxy.
YZi Labs, led by Changpeng ‘CZ’ Zhao, has joined the list of investors supporting Plume Network’s RWAfi initiative. Max Coniglio, the investment director at YZi Labs, emphasized the importance of bringing real-world assets onto the blockchain to drive adoption and expand access.
Although the financial terms of the investment were not disclosed, this move adds to Plume’s previous funding efforts. In 2023, the project raised $10 million in a seed round led by Haun Ventures, with YZi Labs participating in the financing.
Partnerships and Collaborations
Plume has formed partnerships with various companies, including Superstate, Fireblocks, Aethir, BounceBit, Mercado Bitcoin, and Moca Network. The recent investment from YZi Labs underscores the confidence in Plume’s vision for the RWAfi ecosystem.
YZi Labs, previously known as Binance Labs, rebranded earlier this year and operates as a family office with Changpeng Zhao and Yi He leading the firm. The investment in the RWAfi project reflects their belief in its potential impact on the market.
Other projects that have gained significant adoption include Ondo Finance and MANTRA, further highlighting the growth and interest in decentralized finance.
