Rexas Finance officially launched its RXS token at 11:00 UTC on its scheduled launch date, listing on three centralized crypto exchanges: MEXC, BitMart, and LBank. After months of marketing the RXS listing at $0.25, Rexas Finance opened at $0.10 on MEXC and BitMart, and $0.175 on LBank.
The RXS token price fell sharply within seconds of going live across all three exchange platforms. On MEXC, which recorded the token’s highest trading volume of $1.23 million within the first 10 hours, the price dropped to $0.0054, marking a 96% decrease from the $0.10 launch price and a 98% decline from the initially promoted $0.25 listing price.
At the time of writing, the RXS token has partially recovered on MEXC to $0.0238. This still reflects a 76% drop from the actual listing price and a 90% drop from the price promised during the presale phase.
With a total supply of 1 billion RXS tokens, this price implies a fully diluted valuation (FDV) ranging from $250 million at launch to as low as $5.4 million at the intraday bottom, and about $23.8 million at the current price on MEXC.
Rexas Finance Project Background and Presale History
Rexas Finance is a cryptocurrency project that raised approximately $55 million through a multi-stage presale campaign, which began in September 2024. The crypto project markets itself as a real-world asset (RWA) tokenization platform, but has not released any tools, dApps, or infrastructure to support those claims. The team sold hundreds of millions of RXS tokens during that period, gradually increasing the price across stages from $0.03 up to $0.20. Public materials repeatedly stated that the token would be listed at $0.25, suggesting a higher entry point for the broader market and an implied advantage for early-stage participants.
The unexpected listing price of $0.10–$0.175 raises questions around the project’s planning and communication practices. The discrepancy has resulted in a situation where presale investors, those who took early financial risk, may have ended up purchasing tokens at higher prices than those who bought in at launch, contrary to standard crypto presale expectations.
Early Trading Reaction and Market Performance
The steep price drop across all three crypto exchanges has attracted criticism. While Rexas Finance has issued no formal statements regarding the altered listing prices, early trading activity has led to numerous accusations on Telegram and X (formerly Twitter), with users highlighting the lower-than-promised listing price, the sharp decline in value, and labeling the project a scam.
Although some recovery has occurred, the RXS token remains significantly below both its listing and presale prices. The early data on MEXC suggests limited liquidity and high volatility, with price swings that underline the speculative nature of the token’s launch.
