RLY token increased from as low as $0.0149 to as high as $0.0313 in the last 24 hours. At the time of writing, the RLY price lingers around $0.0265.

The token’s daily surge was recorded after the project team published a thread on its official Twitter account to disclose the treasury holdings and future plans on March 1.

The Rally team said they felt the need to ensure the community regarding the protocol’s future after the side chain shut down. The team noted that RallyIO was one of the many customers of the RLY Token Bonding Curve Protocol, which remains an essential technical offering of the RLY protocol. Given the number of applications built on this protocol, the team said, RallyIO’s suspension doesn’t affect the strength of the RLY ecosystem.