Cambria RSGP $0.001505 (official site) launched its RSGP token on Base on 29th October, and within 24 hours most of its value was gone. The token opened at $0.0068 and now trades at $0.0019, a 74% fall. It has bounced slightly from an overnight low of $0.0015.
The launch hit the Charter NFT market too, which matters to Cambria players. Charters are the 4,096 founding licenses required for full access to Cambria’s Genesis. OpenSea data shows 168 Charter trades on launch day, adding up to 8.5 ETH (about $18,800) in volume, close to half of everything traded that week. The floor is now 0.039 ETH, roughly $87, down from around $155 earlier in October.
Who sold, and why
Sellers far outnumbered buyers on day one: 4,504 wallets sold against 835 that bought, with $1.36 million changing hands. Roughly 25% of total supply circulated from the start with no lockup. A 15% Genesis airdrop, delivered straight to wallets, made up part of that. Many people who received it say they qualified through activity on Hyperliquid and Polymarket instead of by playing the game, and most got tokens worth between $7 and $13.
In a thread posted before launch, Cambria founder Ben.ZZZ (who posts as cyberpunk) said the setup was intentional. According to him, the project carries “a lot of airdrop overhang from 2 years of points programs”, most of it earned when markets were stronger, and vesting those tokens would have produced “almost insurmountable sell pressure later on”. His goal was to get RSGP “as close as possible to what our real market FDV is”.
The team also chose not to list on a centralized exchange at launch, saying it would go after “earned” listings down the line. MEXC listed RSGP regardless.
What RSGP is for
Ben.ZZZ calls RSGP the asset that owns Cambria’s treasury and economy, and likens it to the AXS token from Axie Infinity (official site). Part of the game’s revenue funds buybacks and holder rewards. He estimates the Dungeon Fishing game brings in about $1 million a year.
Total RSGP supply is 5 billion tokens. At today’s price, the fully diluted valuation is around $9.3 million.