Futures
Hundreds of contracts settled in USDT or BTC
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There is a cryptocurrency called RIVER, and its token structure has obvious issues. The top 8 addresses hold up to 99.99% of the tokens, and these addresses frequently interact with each other through transfers, which looks more like playing with oneself.
The real trick here is: these people control the market while simultaneously taking long positions on the contract, then driving up the price to profit. When they've made enough, they can dump the price at any moment. The problem is, you can't predict that timing at all.
Another detail worth noting—never touch contract trading products that settle every hour. Frankly, this kind of design is tailor-made for market manipulators, and retail investors are basically just sending money. These products often come with high-frequency volatility and extreme market conditions, making retail investors very vulnerable to liquidation.
Overall, projects like RIVER pose too much risk for retail investors. With tokens heavily concentrated and lacking transparency, the logic of participation simply doesn't add up. Protecting your principal should always come first.