Plume price forecast: SEC transfer agent nod boosts bulls

Plume Surges

  • Plume price gained by 15% as bulls reemerged amid overall market bounce.
  • The news that Plume has registered a transfer agent adds to bulls’ positivity.
  • Bulls could target its all-time high of $0.24.

Plume Network’s native token, PLUME, has surged double digits to hit highs of $0.13 amid regulatory tailwinds related to the US Securities and Exchange Commission (SEC).

The platform’s registration as a transfer agent with the SEC puts Plume in position as a compliant gateway for tokenized real-world assets, a move that could trigger fresh interest in its token.

Plume secures SEC nod as transfer agent

At the heart of PLUME’s ascent is Plume Network’s recent registration with the SEC as a qualified transfer agent for tokenized securities, announced on October 6.

This designation marks a critical evolution for the modular Layer-2 blockchain, which specializes in real-world asset finance (RWAfi).

As a registered entity, Plume can now legally oversee the issuance, transfer, and record-keeping of digital securities directly on-chain. It opens the door to seamless integration with established U.S. financial infrastructure.

Traditionally, transfer agents serve as custodians for shareholder registries. Key features include handling ownership transfers, dividend distributions, and corporate actions in off-chain environments.

However, legacy institutions dominate this space.

Plume’s innovation lies in automating these processes via distributed ledger technology, ensuring immutable transparency while linking capitalization tables to SEC reporting systems and the Depository Trust & Clearing Corporation (DTCC).

As adoption grows, Plume’s status could catalyze trillions in on-chain migration. It’s role in fostering interoperability between TradFi and blockchain ecosystems has the potential to drive gains.

Plume Network price gains 15% to signal potential rebound

As the cryptocurrency markets show renewed bullish sentiment, PLUME has surged to multi-week highs with 15% gains putting it among the top performers in the market.

Trading data indicates the push to intraday highs of $0.13 followed a bounce from lows of $0.10.

Notably, PLUME went vertical on Monday as news of its SEC milestone hit the market, helping bulls navigate a key resistance level that has marked a prolonged period of consolidation.

That supply zone between $0.09 and $0.105, for much of the prior week, constrained bulls.

Broader market uncertainty amid macroeconomic pressures are two crucial factors.

However, as Bitcoin bounced to highs of $126,198 and a new peak, investor confidence in Plume’s ecosystem helped the altcoin higher.

Overall upward momentum for tokenized real-world assets (RWAs) added to the optimism.

What next for PLUME price?

While price has retreated to lows of $0.11, a retest of the $0.10 area and potentially $0.09 may offer a new opportunity for bulls to decisively bounce.

The surge in daily trading volume, which is up 786% to more than $235 million, signals to the robust liquidity and market activity.

PLUME chart by TradingView

Bulls could eye $0.24, the Plume token’s all-time high reached in March 2025.

The price action has also rippled through correlated assets, with other RWA-focused tokens like Ondo Finance.

As Plume revealed its SEC nod, Ondo Finance also benefitted from upside momentum. For this token, gains came amid news that the platform had officially finalized its acquisition of Oasis Pro.

The milestone sees Ondo secure its approval for SEC-registered broker-dealer, ATS, and transfer agent.

 

Source: https://coinjournal.net/news/plume-price-forecast-sec-transfer-agent-nod-boosts-bulls/