A message was sent about $RIVER a year ago, back when the S3 creator airdrop was open, and now it's been a week, increasing by 7 times, it turns out it was really something 😆
Let’s review the recent operations done on @RiverdotInc, mainly exchanging part of $River for $RiverPts when it was at 16 dollars, along with the S3 airdrop portion, and staked them together.
👉 The logic behind the operation is: betting on the exchange rate of RiverPts against the River native currency to recover, meaning River drops, or RiverPts rises.
In the past few days, the contract short interest rate for River has been maxed out, with 1-hour settlements, so even if you are bearish, the cost-effectiveness of going short is very low, exchanging for Pts is the best choice.
So far, the results look good; after #River peaked, Pts has also risen by nearly 60%. If staked, the returns would be even higher (currently, the Pts staking event has ended).
Understanding the mechanism and keeping up with the rhythm is very important. As for the strong coins that played the mechanism most extravagantly last year, it seems like they'll continue to make moves this year; everyone may have forgotten that @River4fun is still in the stablecoin track, so keep an eye on the follow-up.
