RIZE Token Plummets 48% in Wild 24-Hour Ride Post-Launch

Hang onto your hats, crypto fans! The RIZE token from the RWA tokenization hotshot T-RIZE just took a nosedive, crashing nearly 48% within a single day of hitting the big exchanges. As of the morning of May 16 in Asia, RIZE was hanging on by a thread at around $0.046.

Just yesterday, on May 15 at 15:00 UTC, RIZE made headlines with its splashy debut on the tier-1 exchange Kraken, syncing perfectly with its Token Generation Event (TGE) and mainnet launch. But boy, did the party end quickly! The token was riding high on the Base blockchain, Coinbase's slick Ethereum Layer 2 network.

But Kraken wasn't the only big name in the game. RIZE also scored listings on the decentralized exchange Aerodrome and the DEX aggregator Matcha (Base).

Right after the TGE, RIZE had a cool $27 million circulating in the wild. Out of its whopping 5 billion total supply, 4% or 200 million tokens were set aside for airdrops. But here's the catch – those airdrop tokens are locked up tight with a 1-month cliff and a 6-month vesting period. No quick cash-outs here!

Meanwhile, the private sale investors, who snagged 7% or about 350 million tokens, had no such restrictions. They could sell off their stash right out of the gate, and you can bet they did. This free-for-all likely fueled the early sell-off frenzy, sending RIZE's price into a tailspin right after launch.

And let's not forget the other big chunks of the pie – liquidity and treasury each got 10% with zero restrictions, adding more fuel to the fire. On the other hand, seed and growth investors are stuck with a 6-month cliff, while the team's hefty 14% slice is locked up for two whole years. Governance tokens? They'll trickle out over three years after a 12-month cliff.

This kind of wild sell-off is nothing new in the crypto world, especially when tokens hit the big leagues during their TGE. Early birds often cash out quick, shaking things up even if the project's got solid long-term game.

Despite the brutal price drop, RIZE's debut had everyone talking, with the token trending on Google even as it tanked.

But hey, where there's hype, there's hope. All that public buzz could bring in fresh buyers to soak up some of that selling pressure.

What is RIZE crypto?

New to the scene? RIZE is the powerhouse token behind T-RIZE Group, the crew that's all about turning real-world stuff like real estate and infrastructure into digital gold. They're running the show on Rizenet, a beefy Layer 1 blockchain built on Avalanche, designed to handle decentralized machine learning and lock down institutional asset tokenization.

RIZE isn't just a pretty face – it's the key to governance, paying gas fees, and unlocking exclusive investment opps. Plus, it's the secret sauce for federated learning, letting folks team up on data without spilling the beans.

Based out of Montreal, Canada, T-RIZE Group is already flexing with a massive $300 million tokenization deal. They're backed by heavy hitters like École de technologie supérieure (ÉTS), one of Canada's top tech schools, plus big names like Canton Network, Hashlock, and the IBC Group.

Disclosure: This article is for your brain, not your wallet. It's all about learning, not investing advice.