This is the tipped ring; in the video below, we can see in slow motion its movement after the release.
I show only the tilting movement, not the spinning about the vertical axis, to make more evident the movement of the center of mass, (the red dot), relatively to the spin axis, (the green line).
The centrifugal force pulls the center of mass away from the rotation axis, but the ring is spinning in counterphase, (since its TMItip is larger than the AMI), so the effect is that the CM moves towards the rotation axis instead of getting away from it.
More intuitively, we could think to it like the ring wanting to spin about its center of mass; the tip is far enough from the CM so it can't prevent the ring from doing so.
The rotation axis passes through the tip, and the CM moving towards the rotation axis makes the ring to tilt, until the CM reaches it. During the tilting movement, the heavy side of the ring rises up.
This is how the tipped ring spins, with the CM in the rotation axis:
This is the ring without the tip;
it is not very different.
Again, the CM is pulled away from the spin axis by the centrifugal force, but the ring is spinning about the vertical axis in counterphase, (the TMItip is larger than the AMI), so the CM moves towards the spin axis, (green line), instead of getting away from it.
The CM moving towards the spin axis makes the ring to tilt, like when the ring had the tip, but, in this case, since the tip is missing now, the tilting movement becomes a rolling movement.
As the ring rolls, the contact point changes position, (it didn't change position when there was the tip), and the spin axis moves away from the CM which is trying to reach it.
So the rolling continues.
Only when the CM reaches the spin axis, the rolling ceases.
This happens when the heavy side of the ring reaches the upper part of the ring.
This is the movement of the CM going towards the spin axis.
Only the rolling is shown, not the spinning, to make evident the movement of the CM relatively to the spin axis:
This is the complete movement, with the ring rolling and spinning at the same time:
(to be continued)