⭐ The $RIVER token was all the rage at the beginning of the year, but its price is now down more than 100x from its ATH. Since that rally, it’s done nothing but fall. What’s the reason???
- Perhaps the biggest reason is that River keeps unlocking tokens for investors and the team. There’ll be another token unlock at the end of this November, amounting to 1.3% of the total supply, and vesting will continue until around 9/2030.
- Revenue is very low and nowhere near enough to offset the selling pressure from tokens hitting the market.
- RIVER is still running its social campaign through Season 7. The first few seasons were great, but these days it seems like hardly anyone’s farming it anymore.
- I still see some people holding River and grinding through the Yaps seasons, waiting for the price to go up.
- RIVER has gone up many times over before, but now it’s also down more than 100x. You know how projects like this usually end.
- Perhaps the biggest reason is that River keeps unlocking tokens for investors and the team. There’ll be another token unlock at the end of this November, amounting to 1.3% of the total supply, and vesting will continue until around 9/2030.
- Revenue is very low and nowhere near enough to offset the selling pressure from tokens hitting the market.
- RIVER is still running its social campaign through Season 7. The first few seasons were great, but these days it seems like hardly anyone’s farming it anymore.
- I still see some people holding River and grinding through the Yaps seasons, waiting for the price to go up.
- RIVER has gone up many times over before, but now it’s also down more than 100x. You know how projects like this usually end.
