Kay Capital
Kay Capital|Sep 05, 2025 13:33
Here’s a spooky story: when Plug came out, it was still the era of inscriptions in the market, but in reality, only about a year and a half has passed. It was founded under the real name of Xiao Feng’s former assistant, and it did catch the market’s attention at the time. But honestly, the $4.5 million funding amount isn’t much compared to top-tier projects, and while the participating institutions were decent, they weren’t on the level of the best projects. So, going for a Binance Wallet TGE instead of directly listing on Spot was pretty much expected. There was a period when Korean users were super hyped, but the timing wasn’t handled very well. Anyway, let’s look forward to its performance after launch.
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