$RIV launched this morning.
I watched the chart spike vertical and come straight back down within the same 4h candle. 90% of people who see that either chase the recovery or scroll past.
I opened the Holders tab on @GeckoTerminal instead.
Top 10 at 18.14% with PumpSwap LP sitting at #1 as expected.
Then wallets 2 and 3: both showing N/A on average buy price, holding 2% and 1.89% of supply respectively: first thing that stopped me.
N/A pricing means no open market entry recorded. Pre-launch allocation.
Then the unrealized PnL picture.
- Wallet #6 bought at $0.0003307 sitting on +105% and hasn't sold a single token
- Wallet #10 at $0.0004489, +51% unrealized, also zero sells
- Wallet #12 bought at $0.0004555, sitting on +49%
Three early buyers, all significantly up, none of them moving.
But those positions exist and they'll exit at some point.
The chart already showed you the spike. The holders tab is showing you where the next pressure comes from.
2,322 holders with a steady organic growth curve is genuinely clean. That part reads fine.
But I can't look at three wallets up 50-105% on a day-one token that already ran and dumped, and call the risk profile comfortable.
The Holders tab on https://t.co/klcwlONfuw made that call easy honestly
