RIZE Token Faces Sharp Price Drop After Exchange Listing
RIZE, the native token of the T-RIZE real-world asset tokenization project, experienced a notable price drop shortly after its launch. According to CoinGecko, RIZE’s value fell nearly 48% within 24 hours, trading around $0.046 by May 16 morning in Asia.
This price action came just a day after RIZE was listed on Kraken, a top-tier centralized exchange, on May 15. The token also debuted on decentralized exchanges like Aerodrome and Matcha (Base). RIZE operates on the Base blockchain, an Ethereum Layer 2 network developed by Coinbase.
Following its Token Generation Event (TGE) and mainnet launch, RIZE had a circulating supply of $27 million.Of its 5 billion max supply, 4% was set aside for airdrops, but these tokens are locked for now. Private sale investors, however, faced no restrictions, allowing them to sell immediately. This likely contributed to the initial sell pressure.
Other large allocations, such as liquidity and treasury, also had no restrictions, adding to the early market dump. Despite the price drop, RIZE drew significant public interest, trending on Google.This interest coudl lead to new buyers,helping to absorb some selling pressure.
RIZE is the native token of T-RIZE Group, which focuses on tokenizing real-world assets like real estate. It runs on Rizenet, a Layer 1 blockchain built on Avalanche.The token is used for governance, gas fees, and accessing exclusive investment opportunities.
T-RIZE Group is based in Montreal, Canada, and has secured a $300 million tokenization deal.Its backed by École de technologie supérieure (ÉTS) and major players like Canton Network and Hashlock.
