Plume Token Drops 10% Following Founder Eugene Shen’s Death

Eugene Shen, co-founder of real-world asset tokenization firm Plume, has died, resulting in a notable impact on the market, particularly on the PLUME token.

Shen’s passing is significant due to his role in tokenizing $4 billion in assets, influencing market confidence.

Shen’s Legacy in $4 Billion Asset Tokenization

Eugene Shen, known for his contributions to real-world asset tokenization, passed away this week. The sudden event has spurred reactions across the crypto space. Shen co-founded Plume, focusing on real-world asset transformation. The firm tokenized over $4 billion in assets, marking a strong presence in the industry.

Eugene Shen helped tokenize approximately $4 billion worth of real-world assets before his passing. – [source](https://protos.com/rwa-firm-plume-in-shock-after-death-of-founder-eugene-shen/)

PLUME Token Down 10% Amid Investor Concerns

PLUME token dropped over 10% following Shen’s death, reflecting investor concerns. Market watchers are closely observing further implications on the company’s trajectory. The decline signifies potential shifts in investor confidence and strategy. The broader RWA tokenization sector faces uncertainties due to this unforeseen leadership change.

Crypto Leadership Losses: Historical Perspectives

Past leadership losses in crypto led to short-term volatility. These events can cause panic sell-offs before stabilizing as new leadership emerges. Historically, token values have recovered over time. Analysts suggest robust projects can withstand founder losses, predicting eventual market stabilization.