Plume Token Faces Uncertainty After Co-Founder's Death

Plume, a real-world asset (RWA) project, is experiencing a challenging situation as investors begin selling off coins following the passing of one of the co-founders, Eugene Shen. The news of Shen's death has caused division within the community, leading to a decrease in confidence among token holders. The PLUME token has dropped by more than 7% in a day, reflecting the growing concerns and doubts surrounding the project. The lack of clarity in the official announcement regarding Shen's death has raised suspicions among investors, with many questioning the authenticity of the project. Despite initial interest in Plume following investments in March 2025, the recent events have dampened enthusiasm, resulting in a significant decline in the token's value. Investors are now wary of the project, leading to a continuous drop in token price. The incident serves as a reminder of the importance of transparent communication in the crypto industry.