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RIVER Fell By 4% After a Record High, Hinting Supply Concentration
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RIVER dropped over 4% after reaching an all-time high of $87.79, following a 1,500-1,900% rally this month. Trading volume decreased by 23%, indicating potential sell-off risks. Additionally, over 69% of BNB Chain supply is concentrated in one wallet, raising concerns about supply stability.
- RIVER dropped over 4% in 24 hours after a 1,500-1,900% monthly rally stalled.
- The cryptocurrency also made a new all-time high near the $87.79 high.
- On-chain data shows extreme supply concentration, with over 69% of BNB Chain supply held by one wallet.
River (RIVER) fell more than 4% over the past 24 hours after an aggressive parabolic run that pushed the token to a record high near $87.79. The pullback followed a near 1,500-1,900% rally over the past month, depending on the exchange, with RIVER now trading close to $70.
According to CoinMarketCap data, RIVER’s trading volume dropped roughly 23% in the past day after the token printed a fresh all-time high at $87. Interestingly, the price decline came just hours after RIVER briefly broke above $80 again, failing to hold higher levels.
RIVER’s rally resulted from a tight circulating supply of roughly 19.6 milli…
Read The Full Article RIVER Fell By 4% After a Record High, Hinting Supply Concentration On Coin Edition.
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RIVER Fell By 4% After a Record High, Hinting Supply Concentration
Share:
RIVER dropped over 4% after reaching an all-time high of $87.79, following a 1,500-1,900% rally this month. Trading volume decreased by 23%, indicating potential sell-off risks. Additionally, over 69% of BNB Chain supply is concentrated in one wallet, raising concerns about supply stability.
- RIVER dropped over 4% in 24 hours after a 1,500-1,900% monthly rally stalled.
- The cryptocurrency also made a new all-time high near the $87.79 high.
- On-chain data shows extreme supply concentration, with over 69% of BNB Chain supply held by one wallet.
River (RIVER) fell more than 4% over the past 24 hours after an aggressive parabolic run that pushed the token to a record high near $87.79. The pullback followed a near 1,500-1,900% rally over the past month, depending on the exchange, with RIVER now trading close to $70.
According to CoinMarketCap data, RIVER’s trading volume dropped roughly 23% in the past day after the token printed a fresh all-time high at $87. Interestingly, the price decline came just hours after RIVER briefly broke above $80 again, failing to hold higher levels.
RIVER’s rally resulted from a tight circulating supply of roughly 19.6 milli…
Read The Full Article RIVER Fell By 4% After a Record High, Hinting Supply Concentration On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Pump.fun (PUMP) Stabilises Above Short-Term Averages After Recent Pullback