Why is it said that no matter the market trend, one should not expect to make money from $RIVER ?

In the past two days, the most notorious coin has been river.

This fully controlled coin currently has a circulating market value of 2.3 billion, while just yesterday it was only 1 billion. It can be imagined that 99% of the chips are in the hands of the operators.

The current situation is that retail investors know this coin will definitely fall,

the operators also know that retail investors know it will fall.

Regardless of whether it rises or falls, the operators make a fortune through fees; just imagine, a fee rate of 2% per hour, maintained for 24 hours, results in a 48% return.

Retail investors might say they will also go long to earn fees, but looking at the lower shadow line from the past few hours, how many long positions can withstand it?

This is the reason why going long does not yield profits.

So what about going short?

In the long run, for this kind of worthless trash, going to zero is the only destination. Right now, the premium is too high, but it can't withstand the malicious fee manipulation by the operators. If it doesn't drop in two days, the principal of the position will be completely eaten away by fees.

In summary, for such coins, the best approach, in my personal opinion, is to avoid them. It's like a gambling game; you clearly know that others are cheating, yet you still participate. Isn't that just pure foolishness?

This is just my personal view; please don't criticize if you disagree.