$RLS I think we can keep an eye on this asset for now and see in a few days if it can form a bottom pattern.

The project narrative is actually quite interesting—it aims to be a bridge for traditional banks and enterprises to enter Web3, and its funding background checks out pretty solidly. VCs got in at around $0.013, and now it’s at $23, so that’s less than a 2x increase.

But to be clear: the tokens are highly concentrated, so it’s not too late to observe again if the market starts moving.

More importantly, the product hasn’t really launched yet—it’s just a framework right now. The team says they’ll start making progress early next year, but whether it’ll be accepted by the market remains to be seen. That said, if they really deliver, the chance of it going to zero shouldn’t be too high.