You see a time ring (speed +30) that is brand-new.
It weighs 0.90 oz.
In the old days before rings had any use Time Rings had the name Speed Ring and were dropped by Giant Spiders.
Nowadays it increases your speed by 30 for 10 minutes. Check Speed Breakpoints to see when is worth to equip and use this ring.
Click Here to Show/Hide Spoiler Information