PLUME token jumps 20% as YZi Labs invests in Plume Network
- Plume jumped 20% after YZi Labs announced an investment in Plume Network
- The price of PLUME reached $0.18, not far from its all-time high of $0.21.
- Plume has raised funds from Brevan Howard, Haun Ventures and Galaxy.
Plume Networks native token PLUME soared 20% as YZi Labs, formerly Binance Labs, announced its investment in the layer 1 network.
PLUME rose sharply to hit intraday highs of $0.18, with this pushing bulls to near the all-time high of $0.2108. The altcoin reached this price level in January 2025.
Per CoinGecko data at the time of writing, bulls were just 15% off that peak.
YZi Labs invests in Plume Network
Plume Network is a crypto platform aiming to bridge traditional finance and decentralized finance.
Over the past several months, the project has attracted attention and investment. Largely, its been down to the projects traction in the real world assets market. As it looks to bring RWA on-chain, Plume has attracted backing from Brevan Howard Digital, Haun Ventures and Galaxy.
YZi Labs is another venture capital heavyweight backing the Plume Networks RWAfi initiative, according to an announcement.
The investment underscores Plumes potential and sees Changpeng CZ Zhao led YZi Labs continue its push into RWA, artificial intelligence and other sectors at the intersection of TradFi and DeFi.
In a comment on the investment, YZi Labs investment director Max Coniglio, said:
At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact, and Plume is a prime examplethey are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption.
While todays announcement did not disclose the financial terms of the investment, it adds to past funding moves aimed at boosting Plumes growth. In October 2023, the project raised $10 million in a seed round led by VC firm Haun Ventures.
YZi participated in the financing deal.
On this latest collaboration, Plume Networks chief executive officer and co-founder, Chris Yin, said:
YZi Labs investment reinforces our vision of building a robust RWAfi ecosystem that drives institutional asset adoption while empowering crypto-native users.
Who else backs Plume?
Plume has recently inked major collaborations with the likes of Superstate, Fireblocks, Aethir, BounceBit, Mercado Bitcoin and Moca Network.
As noted, YZi Labs, rebranded from Binance Labs earlier this year. The venture capital firm now operates as a family office, with Binance co-founders Changpeng Zhao and Yi He at the helm.
The firms investment in the RWAfi project suggests confidence in what its likely to achieve in the market.
Other projects that have received notable adoption include Ondo Finance and MANTRA.
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