Plume Token Plunges 10% After Founder’s Passing

The cryptocurrency community is mourning the passing of Eugene Shen, co-founder of real-world asset tokenization firm Plume, which has seen its PLUME token plummet over 10% following his death. Shen’s loss raises concerns about the company’s future and impacts the broader RWA tokenization sector. The market anticipates further implications for the company’s trajectory as investors grapple with uncertainty. Shen’s role in tokenizing $4 billion worth of assets has significantly contributed to the industry, but his sudden passing creates a period of instability within the crypto world.