2026-01-06 06:22:15

$RIVER has indeed been quite interesting recently. Many people think this is just another typical pump-and-dump project, but the reality is much more complicated — it is linked to a stablecoin mechanism, and there are rumors that it has received investment support from Hayes, which has surprised many.

From the K-line perspective, the trading rhythm over the past few days has been quite rhythmic. The price has been oscillating repeatedly below 20, completely playing a game of long and short double kills. Even more outrageous is the chaos in the price data itself — exchanges show a historical high of only 19.6, but available records indicate 24, on-chain spot prices have even reached 26, and futures market prices have soared to 29. Honestly, the discrepancy between centralized exchanges and on-chain prices is somewhat absurd.

The most interesting part is that the top ten addresses holding the most coins are highly concentrated, accounting for 88%. The manipulation method is somewhat similar to $PIPPIN’s tactic — first pumping the price to crush the short sellers, then maintaining high negative fees to attract new entrants to open positions continuously, and then constantly cutting the longs. The hotter it gets, the more people enter, and the easier the harvesting becomes. Under this pattern, retail investors find it difficult to find a comfortable entry point.

PIPPIN48,99%

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MetaverseHomeless

· 14h ago

This price data is a mess, who dares to touch it --- 88% concentration, this is obviously a pump-and-dump rhythm --- Hayes endorsement? It looks more like a trap to me --- Once again, this long-short double kill setup, retail investors might as well give up --- Does anyone still play the PIPPIN strategy? They really haven't learned their lesson --- The price difference between exchanges and on-chain is so outrageous, it feels like the whole market is being scammed --- Can the stablecoin mechanism hide an 88% concentration? Haha --- The more people enter, the easier it is to harvest, this logic makes sense --- Fluctuating below 20 repeatedly is just a shakeout --- Just watching the show, anyway I’m not moving this coin

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CryptoPunster

· 01-06 06:52

88% of the chip concentration, this guy really has the SOP for cutting leeks down pat. The price fluctuated from 19.6 to 29, almost a round trip, yielding a 50% unrealized profit. The problem is, only the big players are floating profits; retail investors are floating losses. With both stablecoin mechanisms and Hayes' endorsement, the packaging is quite sophisticated. It's just that the top 10 addresses holding 88% are a bit too honest. Negative fees attract newcomers to open positions; I've seen this trick too many times. The last batch of bagholders always ends up being the most miserable. Laughing as they lose everything on this trade, the script for RIVER this time is just a copy-paste of PIPPIN. I'm starting to feel a bit exhausted on behalf of the big players. The price data of this coin is as chaotic as my account—exchanges, on-chain, and contracts all doing their own thing. Whoever says it's 29 wins. Still watching to see if the hype will burn bright or fade; it should have been obvious long ago how many people are trapped.

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FloorPriceNightmare

· 01-06 06:52

88% is held by the dumpers, how can retail investors play this game?

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ser_ngmi

· 01-06 06:51

88% concentration? Isn't this just obvious money grabbing, and with stablecoin mechanisms too, hilarious --- Prices can differ by 29 and 19? What kind of game is this, the information is too chaotic --- It's the same old trick of pumping the price, killing the market, then repeatedly cutting, retail investors just get sent in --- Hayes Investment? I haven't heard of it, this rumor must be really watered down --- Same old routine as PIPPIN, daring to touch such highly concentrated assets is really just because they have too much money --- The level of data chaos, with such a big difference between exchanges and on-chain data, I really can't understand it --- The top ten accounts hold 88%, I think I'll just watch the show honestly --- Negative fees attract people in, then a one-size-fits-all cut, players are so ruthless now --- Another dump? I've seen too many of these during bear markets

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RetiredMiner

· 01-06 06:35

88% in the top ten, that's just outrageous. Retail investors are just getting cut. --- Price difference can reach 29 and 19.6, this data is a bit too obviously chaotic. --- It's the same old trick, pump first, then dump. Looks hot, but it's actually a harvesting machine starting up. --- Stablecoin mechanism plus Hayes? Sounds intimidating, but just look at the K-line rhythm to understand. --- Long and short double kill, huh? Then I'll just watch and not get involved. --- This trading tactic is exactly like PIPPIN, once you understand the routine. --- Negative fees attract latecomers, this trick is played very skillfully. Retail investors can't find any bargains. --- On-chain pushed to 26, but exchanges only have 19.6, how many people are betting against each other with this price difference? --- 88% in the top ten, I wonder how this game is played now. --- Hotness is strong, but the rhythm of cuts is also smooth, and that's the problem.

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