$RLS This coin concept is "a blockchain for banks," aiming to connect traditional finance and DeFi.
Data shows it's quite lively, with a 24-hour transaction volume of over 40 million, and the price volatility is very high—peaking close to 0.08 in one day and dropping to 0.017, currently around 0.03, with a market cap of about 50 million.
It's important to note that liquidity is only over 800,000, and the market isn't very deep.
In terms of holdings, a few addresses dominate, accounting for more than half, indicating a concentrated distribution of tokens.
The cost price is around 0.025, and now they all have unrealized gains.
When contracts go live, the volatility is expected to be even more intense.
This new coin + concentrated holdings + low liquidity can easily be driven by large players causing rapid surges and drops.
If trading contracts, it's essential to set stop-loss orders; don't hold positions—small positions with quick in-and-out trades will be safer.
Currently, in a tightening financial environment, the risks for such small coins will be greater. It's recommended to observe more and act less; if you really want to trade, only use money that won't affect your mindset to experiment.
