#美国证券交易委员会推进数字资产监管框架创新 RIVER recently dropped to around 3.2, and the story behind it is quite complex.

It seems that some large investors had already set up short positions in advance, waiting for Pts points to flood into the trading market before dumping the price—this kind of coordinated suppression is not uncommon in the crypto circle. However, what truly caused the situation to explode was the project's operational decisions: originally, they promised that RIVER could be redeemed at any time within 180 days, but suddenly they halted it.

Holders of Pts instantly collapsed. Within a single day, the points dropped over 70%. Who would trust such a project again? Although they later introduced the 2.0 redemption and staking mechanisms, this crisis of confidence was not truly repaired.

There’s also a bigger context—the overall crypto market is a bit cold right now, with large funds flowing into mainstream coins like BTC and ETH. Smaller tokens like RIVER lack sufficient liquidity support, so when selling pressure hits, they can't withstand it, and the price naturally keeps falling.

Recently, I have been continuously tracking the performance of coins like SOL, ETH, BTC, FOLKS, AIOT, ICNT, LUNA2, PTB, ARC, waiting for a better opportunity to position. The market rhythm is still changing, so I need to keep observing.