River Pts Prices Plunge 72% Amid Organized Market Attack

River Pts suffered a massive price drop of 72% over the past 48 hours. It follows what the project team described as a coordinated market attack. The attack exploited the River Pts conversion mechanism. It is causing panic and selling pressure across multiple exchanges.

Coordinated Attack Hits the Market

According to the River team, starting on November 7, attackers opened large short positions. While simultaneously converting massive amounts of River Pts into $RIVER and selling immediately. This created intense liquidity pressure, driving the price down sharply. The situation mirrored a “Soros-style attack.” Where aggressors target weak liquidity conditions to force a chain reaction of panic and losses.

Chart: Massive price drop poisons shared by @RiverdotInc

Initially, the River team responded with strategic market buybacks to stabilize prices. These measures temporarily eased the pressure. But when the same pattern reappeared on November 9. It became clear that the volatility was deliberate and organized. Rather than ordinary market fluctuations.

Temporary Suspension of Conversions

To prevent a deeper market collapse, the team made the difficult decision to temporarily pause River Pts conversions. While some holders felt trapped, the suspension was necessary to stop attackers from amplifying selling pressure. Following this pause, attackers quickly closed their short positions. This shows that the measure successfully curbed further losses.

River emphasized that the decision was taken to protect the long term interests of the ecosystem and all participants. The team compared it to a “trolley-problem moment.” They chose to pull the brake and prevent a potential cascading collapse.

Mechanism Upgrades and Risk Controls

The incident highlighted weaknesses in the River Pts conversion system. In response, the project announced a series of upgrades and improvements. These include redesigning the conversion mechanism with enhanced risk controls. It is publishing on-chain and exchange data for transparency.

Additionally, hosting a community AMA to address concerns and gather feedback. The team stressed that $RIVER is focused on long term organic growth. Rather than short-term gains. Offers for volatility-driven partnerships were declined to protect the community and maintain a sustainable trajectory.

Community Reactions and Moving Forward

Community members have largely applauded the team’s quick response. Though many raised concerns about the future of the conversion mechanism and the points exchange ratio. River has committed to reopening conversions only after ensuring a safer model.

The team reassured holders that the attack. While severe, it provides an opportunity to strengthen systems, improve transparency and protect investors. River remains committed to building a resilient, transparent ecosystem that prioritizes trust and long-term stability.

$RIVER price action since TGE: short-term volatility and long-term vision by River

River Pts currently trades at $0.01178, down 72.34% in 24 hours. Despite the steep drop, the project’s proactive measures and open communication aim to restore confidence among holders. They stabilize the market before resuming conversions. With upgrades underway, River is focused on turning this crisis into a learning moment. It is strengthening the protocol, and ensuring that the ecosystem emerges more secure and resilient than before.

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