💔River Points suddenly plummeted, suffering heavy losses!
Official @RiverdotInc announced tonight that 📢 said they temporarily paused River Points and $River token conversions to reduce selling pressure.
This caused panic among large holders, leading to a sharp sell-off and a break below the floor on the red K-line! This kind of expectation management is really inadequate; they should have at least discussed it with the community before making a decision.
Let's take a closer look at the liquidity in the River Points pool, which is only around $200,000. A single piece of bad news can break it, while good news can bring it back up. Tokens with shallow pools are like this—unlike mature assets like Bitcoin or Ethereum.
Zen advises everyone not to panic and to observe for now, especially for those who are long-term optimistic about the river. We will update everyone with new information when available! 🫡 @River4fun @RiverdotInc #River #RiverPts #rivers
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💔River Points suddenly plummeted, suffering heavy losses!
Official @RiverdotInc announced tonight that 📢 said they temporarily paused River Points and $River token conversions to reduce selling pressure.
This caused panic among large holders, leading to a sharp sell-off and a break below the floor on the red K-line! This kind of expectation management is really inadequate; they should have at least discussed it with the community before making a decision.
Let's take a closer look at the liquidity in the River Points pool, which is only around $200,000. A single piece of bad news can break it, while good news can bring it back up. Tokens with shallow pools are like this—unlike mature assets like Bitcoin or Ethereum.
Zen advises everyone not to panic and to observe for now, especially for those who are long-term optimistic about the river. We will update everyone with new information when available! 🫡
@River4fun @RiverdotInc #River #RiverPts #rivers