Web3 bank Pluton (PLU) crypto has had a rollercoaster 24 hours that saw it explode nearly 100% overnight before crashing back down.
PLU began its surge yesterday (March 20) afternoon by spiking over 80% from $0.9 to $1.75 per CoinGecko. At the time of writing, PLU has since retraced the whole move and is back trading at roughly $0.96.
I've been using my Plutus card and stacking $PLU for years now.
Lovely bounce from the lows – 2x in a day lol. pic.twitter.com/qWAQVbAkmy
— Charlie (@btc_charlie) March 20, 2025
What Caused Pluton (PLU) To Explode?
The simple answer is seemingly nothing. Scouring the Pluton socials shows no news or announcements that would have caused the sharp price increase for PLU.
The last significant update on the Pluton X account is a blog post celebrating the distribution of over 2 million PLU to Pluton users. It is hard to imagine that this news caused a near 100% spike in price.
There are a number of posts from members of the ‘crypto twitter’ community claiming that the token powering this crypto bank, PLU, is being pumped and dumped by an unidentified organized group.
While there is no real evidence of this, PLU is being grouped with AUCTION and ORCA with investors saying they’re all being artificially pumped. So far, from the three, only PLU has rectraced its upward move while AUCTION and ORCA are up 13% and 170% respectively.
From a technical analysis perspective, PLU holders should watch this $0.9-$1 level closely. If support at $0.9 is lost, its next support level is at around $0.75, which could lead to a further drop of around 20%.
$PLU $ORCA $AUCTION = organized group super pump & dumps (Carousel of Fraud P&Ds) pic.twitter.com/NImKvBPGtP
— The Truth (@HM_The_Truth) March 21, 2025
What Is Pluton (PLU) Crypto?
Pluton has existed since 2015 and has firmly established itself as a hybrid crypto bank. It is built on Ethereum and revolves around its Plutus rewards card.
It is a Visa debit card that can be spent both digitally and physically, and users can earn cashback in PLU for spending with it. The more PLU a user holds, the more benefits they have access to, such as money off of services such as Netflix and Spotify.
The Pluton crypto bank also has built-in staking, whereby users can earn higher PLU cashback rates of up to 8%. It is available on major exchanges such as Coinbase and KuCoin and this recent spike in price has seen its trading volume climb to nearly $10 million over the past day.
PLU is a small-cap crypto coin. Its market cap is just north of $11 million, and its fully diluted valuation is $20 million.
BONUS: Mind Of Pepe (MIND) Smashes Past $7.5m In Presale Funding – Could This Be The Next Blue-Chip AI Play?
Mind Of Pepe (MIND) is a super-hot new AI agent project that is re-energizing the lagging AI crypto sector. Investors have officially marked it as the AI play for 2025, having poured over $7.5 million into the presale thus far.
MIND emerges at a time when market conditions are rife for smart investors to hit the jackpot on the next big play, and Mind Of Pepe looks to be just that. This new AI agent technology looks to work from a blueprint similar to that of the current leading AI agent, AIXBT, while improving on it in every way.
AIXBT is down over 85% from its all-time high of $0.92 and is currently trading for around $0.099. Its fall from grace came as part of a wider market downturn, but it hasn’t shown the innovation many were hoping for from a leading AI agent project.
This is where Mind Of Pepe aims to capitalize. By leveraging cutting-edge technology with the latest AI learning models, the team behind MIND will succeed where AIXBT has seemingly failed.
The MIND agent will be active across multiple social media platforms, such as X and Telegram, always engaging and learning. It will eventually be able to identify and create opportunities by tracking trends and helping MIND holders navigate the market more easily.
All the insight and alpha gathered by Mind Of Pepe will be locked and only accessible for MIND holders, driving up the demand for the token as investors scramble to gain an edge on the crypto markets.
There are less than 36 hours until the MIND price increases, so don’t hesitate to secure a slice of the next evolution in AI agents.
Join the MIND of Pepe community on X and Telegram to stay updated.
Visit The MIND Of Pepe Presale Website Today
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Pluton (PLU) crypto mooned nearly 100% overnight before crashing back to down
- PLU has since retraced the whole move in less than 24 hours
- No real reason can be found on why PLU surged in the first place
- Pluton is a web3 styled bank with a Visa debit card offering cashback rewards in its PLU token
- Mind Of Pepe (MIND) smashes yet another presale funding milestone, hitting $7.5m with $10m a realistic next goal
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