Plume (PLUME) surged over 10% to $0.1054 following Binance's announcement of its inclusion as the 32nd project in the exchange's HODLer Airdrop program. The token saw explosive trading activity ahead of its August 18 listing, with spot volume jumping 175% to $46.55 million and derivatives volume skyrocketing 367.5% to $99.4 million within 24 hours.
Binance distributed 150 million PLUME tokens (1.5% of total supply) to users who held BNB through Simple Earn and On-Chain Yields between July 24-27. The exchange designated an additional 25 million tokens for marketing and liquidity initiatives post-listing. Trading commenced at 15:00 UTC on August 18 with a Seed Tag, indicating higher volatility risks for the early-stage project.
Technical indicators showed strong momentum as PLUME broke through its middle Bollinger Band, with RSI crossing 60. Resistance sits at $0.11, while support levels are $0.095 and $0.089. The listing comes just two months after Plume's mainnet launch, mirroring Binance's strategy of using HODLer Airdrops to boost liquidity for emerging assets like LISTA and ETHFI.