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Plume network crashes to new all-time low as crypto sell-off deepens

  • PLUME hit an all-time low of $0.035, which had the token down 85% from its March peak of $0.247.
  • Losses came amid sustained bearish pressure, with a 26% single-day crash erasing millions off its market cap.
  • Plume Network saw a total of over $440,000 in futures liquidations, most of it longs.
As markets bled, Plume Network’s price dropped sharply to hit an all-time low of $0.035 and rank among the top losers in the past 24 hours across crypto.

PLUME, the native token of the blockchain platform dedicated to bridging traditional finance with decentralized ecosystems, plummeted as Bitcoin flipped red.

BTC fell to a new multi-month low, erasing significant gains as bulls failed to defend levels all the way to $95,800.

Plume price drops to a new all-time low

The PLUME token traded at $0.0349 at the time of writing, having reached unprecedented new all-time lows amid a fresh crypto crash.

Initially, the altcoin surged on hype surrounding Plume’s full-stack RWA chain to hit $0.247 in March. But its price has declined steadily since, and accelerated to the latest low amid heightened selling pressure.

Plume Price
Plume Network chart by CoinGecko

In the past few months, whale addresses have sporadically dominated accumulation rounds.

However, retail panic has taken on the upper hand. Market data shows over $440,000 in 24-hour liquidations, seeing long positions dominating at over $392,000.

Per CoinGecko, Plume has recorded over $60 million in daily trading volume. That’s an 83% spike in the past 24 hours, which highlights the corresponding selling.

What’s next for PLUME price?

For Plume, a sustained break below $0.035 could invite further capitulation. Potentially, bears might fancy $0.03.

Notably, this dump arrives despite robust fundamentals. Plume’s SEC registration as a transfer agent in Q3 2025 has unlocked pathways for regulated tokenized securities and on-chain IPOs.

Furthermore, recent integrations, such as the acquisition of liquid staking protocol Dinero, bolster institutional appeal.

However, social sentiment has soured amid macroeconomic strains, including jitters around the Federal Reserve’s interest path.

Analysts say the odds of a rate cut in December have fallen, and reaction has largely been negative.

Despite the carnage, Plume’s long term outlook could mirror expected rebounds for the crypto sector. Nest Protocol’s recent relaunch, with 100 million PLUME allocation to stakers, has drawn significant interest.

This means recovery could hinge on bulls reclaiming $0.05 support.

A broader uptick in RWA adoption and overall bullish strength could allow for a potential rebound to $0.075 and likely $1.

Nonetheless,  the 26% dump could accelerate downside action if uncertainty further grips the market. That $0.03 mark is critical for bulls over the coming weeks.

Over the past week, the Plume price has plunged by nearly 30%. It’s down 64% in the past three months.

The post Plume network crashes to new all-time low as crypto sell-off deepens appeared first on CoinJournal.

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Crypto romance scams now a national threat, not just consumer fraud

  • Organised crime groups run scam operations from Southeast Asia.
  • The US DOJ seized $112 million in crypto linked to these scams in 2023.
  • Chainalysis reported scam revenues reached $9.9 billion in 2024.

Pig-butchering scams, once seen as consumer-level fraud, have quietly evolved into a global web of organised crime.

With links to human trafficking, cryptocurrency abuse, and international money laundering, authorities are now viewing these scams as matters of national security.

In a recent Chainalysis podcast, Andrew Fierman, the firm’s head of national security intelligence, and Erin West, a former prosecutor and founder of Operation Shamrock, discussed the evolution of pig-butchering scams.

They painted a chilling picture of how the fraud has transformed from digital deceit to a full-blown transnational crime model.

The scam involves creating trust-based relationships with victims over time, sometimes romantic, sometimes platonic, before luring them into bogus cryptocurrency investments.

Funds are then siphoned through fake platforms and disappear into an opaque crypto network.

Southeast Asian compounds and forced scam labour

Pig-butchering operations are no longer run by isolated hackers. Fierman and West explained that many are now backed by sprawling fraud rings operating across Southeast Asia.

These rings run dormitory-style compounds where trafficked workers, often victims themselves, are forced to operate scam networks.

In 2023, the US Department of Justice (DOJ) seized around $112,000,000 in crypto tied to such schemes.

However, according to Chainalysis, the problem has grown rapidly.

Scam-related revenue in the crypto space exceeded $9.9 billion in 2024, with pig-butchering scams alone increasing by nearly 40% compared to the previous year.

Victims often suffer more than once. After being drained of their initial funds, many receive follow-up messages from fraudulent recovery companies offering to “help” retrieve their lost assets.

These secondary scams use the same tactics, often targeting victims again by using lists sold among fraud rings.

Using blockchain visibility to fight back

While pig-butchering relies on exploiting emotions and trust, the infrastructure often moves through traceable digital rails.

Fierman suggested that this is where blockchain transparency can be turned against the scammers.

By tracking wallet flows and transactions on-chain, regulators, exchanges, and virtual asset service providers (VASPs) can intervene.

This is particularly possible at the point of cashing out, which remains the critical vulnerability for these operations.

Efforts are being made to freeze and reclaim these funds.

In August, a joint action by APAC law enforcement agencies and firms like Chainalysis, OKX, Binance, and Tether resulted in freezing $47,000,000 tied to pig-butchering schemes.

DOJ leads with new task force

The US is treating the matter seriously.

On 12 November, the DOJ announced the launch of a new “Scam Center Strike Force”.

This unit will specifically target transnational crime syndicates linked to Southeast Asia that have engineered these elaborate crypto investment frauds.

The strategy goes beyond arrests.

It involves targeting facilitators of the scam economy, including those offering payment solutions, managing the digital platforms, and providing banking rails.

This approach includes sanctions, indictments, and diplomatic efforts designed to pressure bad actors across borders.

Erin West stated the need to use all available legal and technical tools in this battle.

Disruption at scale, especially across the entry and exit points of crypto fraud, remains the immediate priority for law enforcement.

Common tactics and growing digital risks

The core mechanics of pig-butchering have not changed, even as the scale and coordination have grown.

Scammers still initiate contact over messaging platforms, using charm and emotional manipulation to build trust.

Fast declarations of love, secrecy about personal details, and the push toward investing in a “guaranteed” crypto platform are major warning signs.

These scams often include screenshots showing fake profits to pressure victims into depositing funds.

Once in, victims are encouraged to invest more before being ultimately locked out of the system.

Now, however, these scams sit within a broader framework of crime that merges human exploitation and financial laundering.

Victims are no longer just people who lose their savings.

They are also unknowingly interacting with a global machinery that fuels trafficking and cross-border criminal finance.

The post Crypto romance scams now a national threat, not just consumer fraud appeared first on CoinJournal.

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Ethereum price forecast: ETH could dip below $3k amid bearish PA

Key takeaways

  • ETH is down 10% and now trades around $3,100 per coin.
  • The bearish performance comes as the broader crypto market records a massive selloff.

ETH dips 10% amid wider market selloff

Ether, the second-largest cryptocurrency by market cap, has lost 10% of its value in the last 24 hours, sparking increased profit-taking and loss realization, as prices approached the cost basis of whales.

This latest development comes as Ethereum investors have intensified their selling activities over the past few days. Data obtained from Santiment revealed that investors have booked over $500 million in profits and $100 million in losses since Sunday. 

In addition to that, Ether’s price is approaching the average cost basis or realized price of whales with a balance of 10K-100K ETH, which is around $2,900. A dip below this cost basis will spark intense selling pressure as the whales look to cut losses.

Whales have been key in absorbing selling pressure since ETH’s price decline accelerated over the past month, as they have increased their collective balance by 890K ETH during the period. 

ETH could dip below $3k as selling pressure intensifies

The ETH/USD daily chart remains bearish and efficient as Ether has lost 10% of its value in the last 24 hours. The coin faced rejection at the previous broken trendline around $3,592 earlier this week and has dipped by 10% since then. At press time, ETH is trading at $3,140 per coin. 

If the selloff continues, ETH could lose the $3k support level and dip towards the $2,900 psychological level. Failure to close the daily candle above the $3,170 region could spark further selloff for Ether.

ETH/USD Daily chart

Similar to Bitcoin, Ethereum’s RSI and MACD indicate bearish momentum gaining traction, signaling a deeper correction ahead.

However, if Ether recovers and closes the daily candle above $3,170, it could rally towards the next resistance level at $3,592.

The post Ethereum price forecast: ETH could dip below $3k amid bearish PA appeared first on CoinJournal.

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Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily

  • Chainlink price fell by double digits to below $14 on Friday, losses that came amid broader market turmoil.
  • LINK’s dump aligned with the sharp dip for Bitcoin to under $96,000.
  • Further losses could see Chainlink price plunge towards $10.

The cryptocurrency market is reeling under intense bearish pressure, with Chainlink (LINK) price plummeting below the $14 mark alongside huge dips for Bitcoin, Ethereum, and Solana.

Bitcoin’s drop below $96,000, with bears touching $95,860, fueled losses for ETH and SOL, which fell 10% each to new multi-month lows.

The selling pressure triggered a cascade effect, dragging other altcoins like Cardano and Chainlink into the red.

LINK is at risk of registering a deeper rout.

Chainlink dips below $15

Chainlink (LINK) price is among the top coins to suffer a dramatic fall as Bitcoin’s crash to a six-month low below $96,000 slammed sentiment hard.

LINK traded at $14.08 as of the early US market session on Friday, down 11% in the last 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s plunge in recent days to 25% in the past month.

When considering the week’s cumulative decline, bulls are sharply down since hitting a recent high of $19.12.

The altcoin’s market cap now stands at $9.76 billion, while daily volume has spiked 43% to nearly $1.2 billion to highlight the intensified market activity.

Bitcoin plummets as bears crash bulls

As highlighted, Chainlink price fell sharply amid a bearish onslaught that intensified with BTC’s sudden dip.

While cryptocurrencies had dumped on Wednesday as investor concern around macroeconomic and geopolitical turbulence mounted, alts’ decline accelerated as fake news about Strategy selling BTC surfaced.

Posts that Michael Saylor was selling bitcoin appeared to relate to redistribution in wallets and not selling.

Analysts like Miles Deutscher were quick to point out the fake news, and onchain data analytics platform Lookonchain shared the details below.

However, as Bitcoin dumped amid the initial selling, Chainlink followed suit. 

The token’s price action mirrored the market’s fear sentiment, hitting lows last seen in April. Indeed, Chainlink’s plunge below $14 allowed bears to revisit lows of $13.90.

The alt may be hovering around the $14 mark as bulls eye a rebound, but losses threaten increased bleeding towards the all-important $10 mark.

Despite the dip, Chainlink price remains bullish long term, with factors such as macroeconomic tailwinds, regulatory shifts and partnerships key catalysts.

There is also the buzz around spot exchange-traded funds, which are gathering release pace with a spot XRP ETF launching in the US this week.

LINK could also benefit from the Chainlink Reserve initiative, which added over 74,049 LINK tokens this week to bring the total haul to over 803,387 LINK.

The post Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily appeared first on CoinJournal.