$RIVER continues to decline, and Sister Yuan sees it around 3.2.
RIVER first had malicious short sellers opening large short positions in advance, then concentrated on exchanging Pts points for RIVER and immediately selling off, collaboratively suppressing the price.
In order to stop losses, the project party directly suspended the mechanism that was originally promised to be freely redeemable within 180 days, and this operation directly caused an uproar.
Users holding Pts panicked, as points dropped over 70% in a single day, and everyone lost trust in the project party — after all, if they can change the rules, who would dare to hold confidently? Although a 2.0 redemption and staking mechanism was later introduced, it did not quell doubts.
Moreover, with the overall cryptocurrency market being weak, funds are flowing towards mainstream coins, and tokens like RIVER, which have small to medium market capitalization, lack liquidity support; once the selling pressure comes, it cannot be stopped, and the price naturally keeps falling.
Follow Sister Yuan, focus on segment trends, and lay out a stable strategy.
Next, I will continue to observe the market rhythm and see if there are better entry opportunities.
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