The RIZE token, launched by the T-RIZE project, experienced a sharp price drop following its listing on major cryptocurrency exchanges.
Overall Drop in RIZE Token Price
According to CoinGecko, RIZE's price plummeted nearly 48% within 24 hours, trading around $0.046 as of the morning of May 16 Asian time.
TGE and Listing Details
The token was listed on the centralized exchange Kraken on May 15 at 15:00 UTC, coinciding with its Token Generation Event (TGE). RIZE also secured listings on the decentralized exchange Aerodrome and the DEX aggregator Matcha. Following the TGE, a circulating supply of $27 million was reported. Of its total supply of 5 billion, 4% (200 million tokens) was allocated for airdrops, but these tokens are currently locked, preventing immediate sale.
Overview of T-RIZE Project and RIZE Token
RIZE is the native token of the T-RIZE Group, focused on tokenizing real-world assets like real estate and infrastructure. It operates on the Rizenet blockchain, built on Avalanche. The token is used for governance, gas fees, and accessing exclusive investment opportunities.
Despite the sharp decline in price, interest in RIZE token remains high, which may help sustain demand and support its further development.
