Cambria (official site)’s RSGP token went live on Base on 29th October and lost most of its value within 24 hours. RSGP is trading at $0.0019, which is 74% below its opening price of $0.0068. It has recovered a little from an overnight low of $0.0015.
For Cambria players, the launch also moved the market for Charter NFTs. These are the 4,096 founding licenses you need to play Cambria's Genesis fully. Charters traded 168 times on launch day for 8.5 ETH of total volume (about $18,800), according to OpenSea, almost half of the week’s volume. The floor price has dropped to 0.039 ETH, about $87. Earlier in October it was around $155.
Who sold, and why
In the first day, 4,504 wallets sold and 835 bought, on $1.36 million in volume. About 25% of the total supply was in circulation from day one, fully unlocked. That included a 15% Genesis airdrop sent directly to wallets. Many recipients say they qualified through Hyperliquid and Polymarket activity, not through playing the game, and typically received tokens worth $7 to $13.
Cambria’s founder Ben.ZZZ, who posts as cyberpunk, said in a thread before launch that this was deliberate. He said the project has “a lot of airdrop overhang from 2 years of points programs”, mostly earned in better markets, and that vesting would have created “almost insurmountable sell pressure later on”. He wanted RSGP “as close as possible to what our real market FDV is”.
Cambria also skipped a centralized exchange listing and plans to pursue “earned” listings later. MEXC listed the token anyway.
What RSGP is for
Ben.ZZZ describes RSGP as the asset that owns Cambria’s economy and treasury, and compares it to Axie Infinity (official site)’s AXS. A share of game revenue goes to buybacks and to rewards for holders. He puts revenue from the Dungeon Fishing game at around $1 million a year.
RSGP has a total supply of 5 billion. At current prices, that gives a fully diluted valuation of around $9.3 million.
