$RIVER
🚨 RIVER / $RIVER — another hype dump on Binance Futures 🚨
The chart screams classic: from ~2.8 to a peak of 86–87 USDT over weeks/months, and now ~12.56 — that's -51.89% in just one day (from the high of 27.94)! From ATH it's already an -86% drop. Volume 69.9M RIVER (~1.26B USDT) — enormous, but after such a pump, this is a typical scenario: mass longs → liquidation of shorts → dump.
The project is positioned as a “chain-abstraction stablecoin” with satUSD, cross-chain liquidity, funding from TRON DAO, etc. But the reality: circulating supply ~19.6M out of a total of 100M, concentration in whale wallets (some analysts say over 50% in related addresses), accusations of manipulation, wash trading, and insider dumps.
EMA has long been negative: short-term over long-term, trend down. This is not a scam like a rug pull (so far), but a classic pump&dump with high risk. FOMO traders have lost millions in the perps.
Don’t touch it if you’re not ready to lose everything in an hour. DYOR and protect your capital! 😤 #RIVER #CryptoDump #BİNANCEFUTURES #DeFiScams