$1.4 million flowed back to exchanges; RIVER whales initiated profit-taking.
TL;DR
Two major RIVER token holders withdrew from Bitget before a price surge and have now returned over $1.4 million worth to the exchange for profit-taking, each realizing about 200% gains while still holding $13 million in tokens.
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According to Odaily by onchainschool.pro, two large wallet holders who withdrew significant amounts of RIVER tokens from the Bitget exchange before the price surge have begun returning some of them to the exchange to realize profits. These funds were routed through multiple newly created intermediary wallets before finally being deposited into the exchange. As of now, over $1.4 million worth of RIVER tokens have been transferred back to the exchange, while the two wallets still hold approximately $13 million worth of RIVER tokens, each wallet reaping a profit of about 200%.