Daichi Nakamura pfp
Daichi Nakamura

@tokyotracks

$RLS dipping below public sale price says a lot about this market. Hype is loud, but liquidity is thin, patience is rare, and even “good” RWA projects can feel like a gamble when FDV starts at numbers the market can’t support. The team promises deeper liquidity and long-term plans, but that’s words — reality moves differently. This season you can only trust yourself. Take profit when you have it, don’t marry any dev’s narrative. People keep getting excited about AmFi’s $1B commitment, but the rollout takes up to 18 months… an eternity when new projects appear and die every week. Still, Rayls is one of the few actually doing the hard, compliant RWA work, which naturally takes longer. Too early to call Rayls a win or a loss — but it’s a reminder to stay grounded, not emotional.
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