Summary (short):

$RAGE trades at a steep discount to its adjusted asset backing. Using an NAV of $0.335 per token and a market price of $0.183, the token is at a ~45.4% discount to NAV. Recent docs/Discord updates clarify tokenholder claim on treasury assets, the founder is doxxed and active, and non-operating “excess” assets appear ripe for return to holders (buybacks or a partial rage-quit). This is a straightforward “discount to assets + alignment” setup.