Akeshi

I have uncovered a massive entity that cornered most of the $RIVER supply using bitget and managed to make a profit of more than $300 MILLION

These are 2418 addresses and the explanation on how they operated

After all 362 recipients got their BNB distributed, they used a 9 HOP chain for each for a total of 2418 Addresses

On Dec 29 on 2 different wallets (funded by the original BNB distribution chain), a total of 1 Million tokens were withdrawn, 80% of these tokens are still held on those wallets.

In total there were $22M $RIVER withdraws from Bitget at avg $4.12.
And with prices at ATH yesterday (the time I made this report) this totalled $350 MILLION, for a 15.3X gain.
Almost half the supply was cornered.

The pattern is clear, supply is cornered and withdrawn from bitget and ends deposited to bitget in the end in almost all cases
This exchange is facilitating or complicit with this (and there have been countless other token examples with this exchange)
Binance and co are also confortable taking in fee money for perps and liquidating their users gambling on this
I have made the Arkham entity public with all 2418 address here

Have fun exploring #riverfking