PLUME Token Surges 55% Following Upbit KRW Market Listing

Plume Network's native token PLUME skyrocketed approximately 55% within a single hour after South Korean cryptocurrency exchange Upbit confirmed its listing on the Korean won (KRW) market on November 26, 2025. Trading volume exploded by nearly 600% to $187 million, driving the token's price to around $0.039 and boosting its market capitalization by 56% to $111 million, positioning it among the top 250 cryptocurrencies.

Upbit, with over 10 million users, implemented temporary volatility controls, including blocking buyout orders for five minutes post-launch and restricting sell orders priced more than 10% below the previous day's close for the same period. Only limit orders were permitted for about two hours, a standard practice for high-interest listings. This follows a similar pattern to Upbit's October listing of INFINIT (IN), which saw comparable price and volume spikes.

Plume's token distribution allocates 20% to core contributors, 21% to early backers, 13% to the treasury, and 46% to community and ecosystem programs. Approximately 32% of the supply (3.23 billion tokens) is already unlocked, while 68% remains locked and will be gradually released until early 2028. The community pool is expected to be the largest source of circulating supply over time.

In broader context, Plume Network has 279,692 RWA holders, accounting for half of all holders in the RWA sector. Recently, Securitize, backed by BlackRock and Morgan Stanley, announced plans to deploy institutional-grade assets on Plume's Nest staking protocol, starting with Hamilton Lane funds in 2026. The global RWA sector reached roughly $30 billion in tokenized assets by Q3 2025, underscoring growing institutional interest.