What happened to Rly Coin?

I'm curious to know, what exactly happened to Rly Coin? It seemed to have a lot of potential and buzz in the cryptocurrency community at one point, but lately, I've noticed a decline in its value and discussion. Did something specific occur that caused this change? Is there any news or updates that could explain the current state of Rly Coin? I'm looking for a comprehensive overview of what transpired and where the project stands now.