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View ChartPlug Power Tokenized Stock (Ondo) (PLUGON) is an ERC-20 token issued by Ondo Finance through Ondo Global Markets (BVI) Limited. It represents one share of Plug Power Inc. (PLUG), a U.S.-listed company in the Industrials sector. Each token is designed to be backed 1:1 by one share of Plug Power Inc. held through Ondo Global Markets' tokenisation structure. The token is designed to give eligible investors onchain economic exposure to Plug Power stock, including reinvested dividends, without requiring a traditional brokerage account.
PLUGON is issued on Ethereum as an ERC-20 token with 18 decimal places and is also referenced on Solana and BNB Chain. The product falls under the categories of Equities – Stock, Real World Assets (RWA), Tokenized Assets, and Tokenized Stock. Its circulating supply is approximately 10,837 tokens. The project is in an early-stage growth phase. It trades on 10 active markets.
PLUGON is issued by Ondo Finance through Ondo Global Markets (BVI) Limited, the platform that tokenises equities and ETFs and holds the underlying Plug Power shares backing each token. Ondo Global Markets is described by Ondo as the largest tokenized real-world asset platform by cumulative volume and total value locked, and its RWAs such as PLUGON are backed 1:1 by the real-world asset they represent. The underlying company, Plug Power Inc., is a U.S.-listed industrial firm building a green hydrogen ecosystem, and its management team information is publicly available through its investor relations portal.
PLUGON functions as a tokenised equity product. Each token is backed 1:1 by one share of Plug Power Inc. held through a tokenisation structure managed by Ondo Global Markets (BVI) Limited. When an eligible investor acquires PLUGON, they gain economic exposure similar to holding PLUG stock, including any dividends that are reinvested. The token can be held in digital wallets and used within decentralised applications. Buying and selling is generally available 24/5, from Sunday evening through Friday evening ET, while peer-to-peer transfers of PLUGON are available 24/7, including weekends and holidays. Because it exists on Ethereum as an ERC-20 token and is also referenced on Solana and BNB Chain, PLUGON can be transferred, traded, or integrated into onchain applications across those networks. Ondo's tokenized assets use integrated Chainlink data oracles to provide real-time market information for the underlying equity. The token does not represent direct shareholder voting rights in the traditional sense but is designed to mirror the price performance of the underlying equity through blockchain infrastructure.
PLUGON's primary distinction is that it bridges traditional equity markets and blockchain infrastructure. It offers onchain exposure to a U.S.-listed stock without the need for a conventional brokerage account, enabling users to interact with Plug Power equity through digital wallets and decentralised applications. The 1:1 backing through Ondo Global Markets' tokenisation structure provides a transparent link between the token and the underlying share. Additionally, buying and selling is generally available 24/5, from Sunday evening through Friday evening ET, while peer-to-peer transfers of PLUGON are available 24/7, including weekends and holidays. For investors interested in Real World Assets (RWA) and tokenised stocks, PLUGON represents a way to gain exposure to the green hydrogen sector through Plug Power Inc., a company building an end-to-end hydrogen ecosystem across North America and Europe.
PLUGON is not issued, sponsored, endorsed, or affiliated with Plug Power; the company name is used solely to identify the underlying reference asset.
PLUGON's value tracks Plug Power stock and can fall as well as rise; the token is subject to additional eligibility restrictions, and third-party reviews have raised concerns about contract security and holder concentration. It is not a substitute for holding shares through a broker.
PLUGON is used to obtain onchain economic exposure to Plug Power Inc. stock. Tokenholders can hold PLUGON in compatible wallets and potentially use it within decentralised finance applications on Ethereum and BNB Chain. The token allows eligible investors to access the price performance of PLUG and any reinvested dividends through blockchain-based infrastructure. It can also be traded on supported markets, providing a way to express a view on Plug Power's equity without directly interacting with traditional stock exchanges. Because it is a tokenised stock, PLUGON may be used in portfolios that combine traditional equity exposure with onchain asset management, and it serves as an example of how Real World Assets can be represented and transferred on public blockchains.
To acquire PLUGON through a self-custody wallet, open MetaMask Mobile, tap Swap, search for the PLUGon ticker, review the transaction and submit. Because tokenized real-world assets are transferable onchain, PLUGON can also be used across DeFi to lend, collateralize, and yield farm.
The PLUGON ecosystem is centred on Ondo Finance's tokenisation platform, which facilitates the creation and management of tokenised equities and ETFs. PLUGON is issued on Ethereum and is also referenced across the Solana and BNB Chain ecosystems. It trades on 10 active markets. Supply and market data for PLUGON are tracked by major aggregators such as CoinMarketCap and CoinGecko, while Ondo Finance's own asset page is the primary source for the token's official details. The project is in an early stage, with a circulating supply in the low thousands, indicating that the tokenised stock segment is still developing. News and media coverage include educational articles and market commentary, and the underlying company Plug Power continues to operate in the green hydrogen sector.
PLUGON has no mining or staking mechanism because it is not a standalone blockchain asset: its supply expands or contracts as Ondo Global Markets mints or redeems tokens against the underlying Plug Power shares held in the tokenisation structure. There is no mining equipment, hash rate, or staking pool associated with PLUGON. Holders obtain the token through supported trading venues or through the Ondo Finance platform, and its value derives from the price of Plug Power stock rather than from network consensus rewards.
Because PLUGON is an ERC-20 token on Ethereum and is also referenced on Solana and BNB Chain, standard blockchain security practices apply. Store PLUGON in a reputable self-custody wallet that supports the relevant network, and always verify the official contract address before interacting with any token. For Ethereum, the contract address is 0xe7ee911172bdd557b9ab6be7701f86bbc8fd772e. For Solana, the address is TnfswqdE1jAJ8sfnf5J7kSVLEH1cfpAYZ8MWmKfondo and should be verified on Solscan. The BNB Chain contract address listed in the references is 0x4752ae8f910b25e64e4406eaad50c1b4e8de7e6d. Never share your private keys or seed phrase with anyone. Be cautious of phishing sites and fake tokens that mimic the PLUGON ticker. When trading, use only platforms that list the verified asset, and double-check URLs against the official Ondo Finance website. Consider using hardware wallets for larger holdings, and keep separate wallets for trading versus long-term storage to reduce exposure to smart contract risks and malicious approvals.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PLUGON are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Plug Power Tokenized Stock (Ondo) (PLUGON) is $1.406977. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PLUGON to USD rate at the top of BTCC’s price page. In terms of market scope, Plug Power Tokenized Stock (Ondo) records a 24h trading volume of $296.844127K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $23.452325K. Its current circulating supply stands at 16.63K out of a maximum supply cap of ∞.
The price volatility of Plug Power Tokenized Stock (Ondo) (PLUGON) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (16.63K) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Plug Power Tokenized Stock (Ondo) (PLUGON) hit an all-time high (ATH) of $4.431211 on 2026-05-17 23:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $1.353621 on 2026-10-20 12:25. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PLUGON futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($296.844127K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PLUGONUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Plug Power Tokenized Stock (Ondo), simply log into your BTCC account with USDT margin available, navigate to the PLUGONUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PLUGONUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1.406977), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for PLUGONUSDT with zero financial risk.
Trading Plug Power Tokenized Stock (Ondo) (PLUGON) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PLUGONUSDT, and review its live price ($1.406977) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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