Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    LIBRA case judge orders full disclosure of Javier Milei bank accounts

    May 16, 2025

    S&P 500 opens higher as bulls target 5-day winning streak

    May 16, 2025

    Webull taps Coinbase for crypto custody, trading, and staking

    May 16, 2025
    Facebook X (Twitter) Instagram
    Block Buzz News
    • Bitcoin
    • Coinbase
      • Litecoin
      • Altcoins
    • Blockchain
    • Crypto
    • Ethereum
    • Lithosphere News Releases
    Facebook X (Twitter) Instagram YouTube
    Block Buzz News
    Home » Here’s why RIZE crypto is down over 40% today
    Crypto

    Here’s why RIZE crypto is down over 40% today

    James WilsonBy James WilsonMay 16, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    RIZE, the native token of the RWA tokenization project T-RIZE, saw a steep price drop just a day after going live on major exchanges.

    According to CoinGecko, RIZE plunged nearly 48% in 24 hours, trading around $0.046 as of May 16 morning Asian time. The price action follows just a day after RIZE secured a listing on tier-1 centralized exchange Kraken on May 15, 15:00 UTC, coinciding with its Token Generation Event (TGE) and mainnet launch.

    The token was launched on the Base blockchain, an Ethereum Layer 2 network developed by Coinbase.

    Alongside Kraken, the token also secured a listing on the decentralised exchange Aerodrome and DEX aggregator Matcha (Base).

    Following the TGE, the token had a reported circulating supply of $27 million. Of its total 5 billion max supply, 4% (200 million tokens) was allocated for airdrops. However, those tokens are locked for now, with a 1-month cliff and 6-month vesting, meaning airdrop recipients can’t sell right away.

    Here’s why RIZE crypto is down over 40% today - 1
    Source: RIZE whitepaper

    However, private sale investors, who were allocated 7% of the total supply or around 350 million tokens, faced no lockup or vesting restrictions, allowing them to trade their tokens immediately after launch. This unrestricted access likely played a key role in the early wave of sell pressure and the sharp decline in RIZE’s price shortly after it went live.

    Other large allocations like liquidity and treasury (each 10%) also have no restrictions, possibly contributing to the early market dump. Meanwhile, seed and growth investors are on a 6-month cliff, and the team’s share (14%) is locked for 2 years. Governance tokens will unlock slowly over three years after a 12-month cliff.

    Sell-offs like this are a common occurrence within the crypto space, especially when tokens get listed on major exchanges during their TGE. Early investors often rush to book profits, causing short-term volatility even if the project has strong long-term potential.

    RIZE’s debut drew significant public interest, with the token trending on Google even as its price fell sharply.

    Public interest can also lead to increased demand or new buyers stepping in, which could help absorb some of the selling pressure.

    What is RIZE crypto?

    For the uninitiated, RIZE is the native token of T-RIZE Group, a project focused on tokenizing real-world assets like real estate and infrastructure. It runs on Rizenet, a Layer 1 blockchain built on Avalanche, designed to support decentralized machine learning and secure institutional asset tokenization.

    The token is used for governance, gas fees, and accessing exclusive investment opportunities. It also plays a role in federated learning, letting participants collaborate on data without compromising privacy.

    T-RIZE Group is based in Montreal, Canada, and has already secured a $300 million tokenization deal. It’s backed by École de technologie supérieure (ÉTS), one of Canada’s top tech universities, and is backed by major players like Canton Network, Hashlock, and the IBC Group. 

    Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    James Wilson

    Related Posts

    S&P 500 opens higher as bulls target 5-day winning streak

    May 16, 2025

    Webull taps Coinbase for crypto custody, trading, and staking

    May 16, 2025

    Bitcoin staking protocol Solv unveils RWA-backed token on Avalanche

    May 16, 2025

    Bitcoin price eyes ATH as traders brace for a “supply shock”

    May 16, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    iDEGEN price prediction: Is this the AI agent token to buy?

    January 24, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    January 24, 2025

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Don't Miss
    Coinbase

    LIBRA case judge orders full disclosure of Javier Milei bank accounts

    By John SmithMay 16, 2025

    A judge ordered the bank secrecy requirements of Javier Milei and his sister to be…

    S&P 500 opens higher as bulls target 5-day winning streak

    May 16, 2025

    Webull taps Coinbase for crypto custody, trading, and staking

    May 16, 2025

    Bitcoin staking protocol Solv unveils RWA-backed token on Avalanche

    May 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us

    BlockBuzzNews: Your daily dose of the latest in cryptocurrency trends, insights, and updates!

    Our Picks

    LIBRA case judge orders full disclosure of Javier Milei bank accounts

    May 16, 2025

    S&P 500 opens higher as bulls target 5-day winning streak

    May 16, 2025

    Webull taps Coinbase for crypto custody, trading, and staking

    May 16, 2025
    Most Popular

    iDEGEN price prediction: Is this the AI agent token to buy?

    January 24, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    January 24, 2025

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Type above and press Enter to search. Press Esc to cancel.