In the last 50 days, has risen from $1 to $46. The reason is that this token is controlled by whales. The top 10 holders own 88% of $River. They are pumping the market by triggering short liquidations.
Everything looks fine with but there is an ownership renounced issue. It’s easy to see that a few people are controlling it.
The funding fee is very high for short position holders, so out of fear of a crash people keep opening shorts and then get liquidated. The big whales are taking advantage of this opportunity.
Remember this: if not today, then tomorrow it will crash like . The day the 69% wallet sells, the market will drop to $5. So everyone trade carefully.
#theblockchainwhale #BinanceSquareFamily