RIVER’s rapid rise from ~$2 to over $80 appears less driven by fundamentals and more by market structure. On-chain analysis suggests a single coordinated entity controlled a significant portion of circulating supply through thousands of linked wallets, quietly accumulating tokens via exchanges while masking ownership. As supply tightened, heavy short positioning in derivatives fueled repeated liquidation cascades, mechanically pushing price higher without proportional organic demand. While publicly visible and not proven illegal, this structure distorted price discovery—turning RIVER’s rally into a volatility and liquidation-driven move rather than one rooted in adoption or product progress.
For informational purposes only. Not investment advice.