The recent so-called "regulatory milestone" claims regarding #数字货币市场回调 are indeed thought-provoking. The SEC's approval of the transfer agent qualification has been packaged as if it has granted some sort of privilege; however, from an objective standpoint, this is merely a basic compliance requirement and not a groundbreaking breakthrough.

From a technical analysis perspective, a clear decline signal has emerged: prices continue to test key support levels, the exponential moving averages show a comprehensive downward trend, and momentum indicators remain in negative territory. More concerning is the continued outflow of funds, with the proportion of large capital holdings at only 0.03, leading to a market structure characterized by panic trading among small investors.

The development trend of RWA$PLUME real-world assets ( is questionable. On the surface, the number of 180 projects is large, but a deeper analysis reveals that there are very few projects that possess substantial value, with most being mere follow-up products born from the hype of concepts. The so-called scale of tokenized assets of $4.5 billion is likely an illusion of market prosperity.

The reality is that the market's enthusiasm for the RWA sector is rapidly cooling. In the current market environment, marketing strategies that emphasize "institutional-grade" and "Compliance" have lost their appeal. The investment community is generally seeking high-return opportunities rather than the stable but limited growth offered by traditional financial products.

The current status of the PLUME project can be described as a typical case of narrative collapse. Technical indicators have weakened across the board, and funding support is clearly insufficient. It seems that the project team can only rely on public relations efforts to maintain market attention.

In the long run, blockchain projects need to be built on real demand and practical applications, rather than merely relying on conceptual hype. The market will eventually return to rationality, and only projects with real value can stand firm amid fluctuations.