Decentralized AI startup RICE AI launched its RICE governance token on August 18, starting with a $7.5M presale valuation. Once trading opened at 10:00 UTC, its market cap quickly jumped to around $61M.

The launch lines up with RICEโ€™s Series A round, led by Floki and backed by DWF Labs, TokenFi, Vibe Labs, and others. One billion tokens were mintedโ€”20% unlocked at launch, with the rest set to release gradually over six months.

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$RICE

RICEBSC
RICE
0.0036607
+2.48%

$FLOKI

FLOKI
FLOKI
0.00002976
+1.53%