PLUME Plummets More than 10% After Co-Founder Eugene Shen's Death

Key points of the news: Eugene Y. Q. Shen, co-founder of Plume, passed away this week; he had tokenized $4,000 million in assets along with his team. The company digitized renewable energies, minerals and sovereign bonds since 2024, although the RWA market remains at an early stage. Despite institutional interest, incidents such as Zoth’s hacking reveal the security challenges still facing the sector. Eugene Y. Q. Shen, co-founder of the cryptic…

RWA firm Plume ‘in shock’ after death of founder Eugene Shen

RWA firm Plume ‘in shock’ after death of founder Eugene Shen Plume Co-Founder Eugene Y. Q. Shen, who helped tokenise $4 billion worth of real-world assets (RWA), reportedly passed away earlier this week.  The RWA platform announced the news today, describing Eugene, who died as a “dear friend” who “poured his heart and soul” into Plume. The team says it will be taking some time to grieve over the next few days. A Plume statement read, “We’re in …

PLUME plummets more than 10% after co-founder Eugene Shen's death

Traders have started dumping the Plume token, bringing the price down more than 10% following the death of the network’s co-founder and CTO, Eugene Shen on May 29. On May 29, the network’s official X account announced that its co-founder…