Gate News Bot news, November 17, according to CoinMarketCap data, as of the time of writing, RIVER (River) is currently priced at $3.73, having fallen 14.88% in the last 24 hours, with a high of $7.91 and a low of $3.47. The current market capitalization is approximately $731,000, a decrease of about $12,774,900 compared to yesterday.
Important news about RIVER recently:
1️⃣ River launches the River Pts comprehensive buyback plan
River announced the launch of a comprehensive buyback plan for River Pts in response to community feedback. The buyback price is set at 0.0000447 BNB (approximately $0.048), with the snapshot time on November 9, 2025, at 19:09. The River Pts eligible for buyback must be tokens purchased during the public sale and still held at the time of the snapshot. The buyback process will begin on November 10 and is expected to complete all BNB buybacks and transfers to eligible addresses by November 23.
2️⃣ RIVER market遭遇有组织攻击
The River team stated that the recent fluctuations in the RIVER market price are due to organized and coordinated attacks. The attackers manipulated the market through a large number of short positions and concentrated Pts conversions. To prevent system collapse, the team has implemented temporary measures such as suspending Pts conversions and executing market buybacks.
3️⃣ River promises to upgrade the mechanism and improve transparency
In response to the market attack incident, the River team stated that they are conducting a mechanism upgrade and promised to make relevant data public. At the same time, the team plans to hold an AMA event to explain the subsequent development plans to the community, in order to rebuild market confidence.
From a technical perspective, the RIVER price has experienced significant volatility in the short term, quickly falling from a high of $7.91 to $3.73, a drop of over 50%. This volatility may be directly related to market attack events. The River team's buyback plan and mechanism upgrade measures may stabilize the market to some extent, but the price may still face considerable pressure in the short term.
This message is not intended as investment advice; investors should be aware of market volatility risks.
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