Scandal Rocks the Rally in #RIVER
On Jan. 24, on-chain researchers dropped a bombshell. They traced nearly 50% of RIVER’s circulating supply to a single entity operating through 2,418 linked wallets.
Accumulation began near $4.12. At current prices, unrealized profits exceed $350 million.
The accusations escalated fast. Analysts now allege industrial-scale wash trading.
The claim is simple. Volume looks large, but much of it may be artificial. The goal, critics say, is to pull in retail buyers before a coordinated exit.
Derivatives data adds fuel to the fire. CoinGlass shows futures volume outweighing spot volume by more than 80×.
That imbalance is dangerous. It means leverage dominates real liquidity. If the dominant holder sells, the RIVER price could gap down violently.
Kindly manage your own funds #river