$RIVER has indeed been performing aggressively recently, with a pattern very similar to $PIPPIN. The observed trend features are quite typical——constantly attracting short positions at high levels and then suddenly surging, pulling back a bit, then pushing up again, cycle after cycle. This kind of market manipulation technique may not be considered strong, but its execution and rhythm are indeed fierce. The advantage is that there's no need to rush to break out; just relying on these up-and-down fluctuations can grind down a lot of traders.

On-chain tokens are indeed much easier to manipulate than mainstream assets. In recent days, the phenomenon of both longs and shorts being wiped out has been particularly obvious, with bizarre needle-like volatility that’s outrageously large. Those aiming for long-term holding are likely to get wrecked, and frequent stop-losses in short-term trading only lead to more losses. The most dangerous moment is when signals of whale entry appear at a micro level—almost 100% guaranteed to get trapped.