Hi Rio Community 🫶
I want to stop this FUD „that the Team is selling Tokens and dumping on us“, it’s not true! You all can research the blockchain by yourself and see that it’s not true. To help you, I did the research for you. Let me share it:
All starts in the Rio-Reserve Wallet:
0xF78E050479e3d59e4C67722B6f5a5349A55c293c
This is the wallet which is related to the broken RIO-ETH bridge. The RIO team is not longer supporting ERC20-RIO and is telling the investors more than a year not longer to use it.
Now we see that the Rio-Reserve Wallet swapped approx. 2 million ERC20-RIO at uniswap to ETH.
After that, the ETH got send from the Rio-Reserve Wallet to an other Wallet:
0x01d1f55d94a53a9517c07f793f35320FAA0D2DCf
The transaction code for one of these transactions is:
0x9b7c97d71e629eb778b1402e94871b6bb1286176487fe267252fa84dcc978d9c
These wallet has an actual value of 95 million USD !! That’s more than the double Marketcap of Rio project right now, so it’s never a wallet from the Team! The project is to tiny that no one of the team has a wallet with a value which is more than double the size of the whole RIO-Marketcap.
So let’s continue with the research, what is happening to the ETH after that wallet?
Nothing, the ETH stored in that wallet. What else can we see? These Wallet get sent ETH from OKX3, OKX24 and OKX25:
-OKX3 (Wallet:0xA7EFAe728D2936e78BDA97dc267687568dD593f3)
TX: 0x3c11b917b9b0b7e460b83bfa65a2ec19dced33877eac4f7388e966d21f33c353
-OKX24
(Wallet:0xBf94F0AC752C739F623C463b5210a7fb2cbb420B)
TX: 0x5f76e6cab244176c5fec5f7b37ede744aab916212aada6bb0afac9558e9744a8
-OKX25
(Wallet: 0xf7858Da8a6617f7C6d0fF2bcAFDb6D2eeDF64840)
TX:
0xc089f784c99f147d4abef59ce3ef1ff593828994b7e94197df763485ae92b07c
What are these wallets?
You all know OKX, is a Tier 1 Exchange and every exchange needs a lot of liquidity to make sure that thousands of people can trade on the exchange and everything is working smooth. These can only ensure if enough liquidity is available. For that reason OKX has liquidity wallets which are filled with ETH to ensure the smooth operation of the exchange. Only OKX has access to these wallets.
Every wallet has actual an value of around 150 million usd.
To summarize the story:
They reduce the Liquidity pool from
The broken bridge which no one is using since months and sending this money to an wallets which is Releaded to OKX to increase the available liquidity at the exchange to make sure enough liquidity is available to trade RIO.
If you don’t believe me, go and research for yourself at https://t.co/h4b82T8dxL
Start with the reserve wallet (0xF78E050479e3d59e4C67722B6f5a5349A55c293c) and you will see, you will finish your research in a wallet which is related to the OKX Exchange. (It’s related to OKx because it gets million of USD in ETH sent from OKX3, OKX24 and OKX25)
If you check the withdraw from these wallet you will see it’s empty. Only deposit from OKX and the Reserve RIO wallet. Our research end at this point.
For me it’s a clear proof that the team is not selling or dumping on us. People should be happy to get this liquidity back which was blocked over the last months at the broken bridge.
Don’t fall for the FUD, always DYOR. Stay safe and enjoy the Awesome RIO-Community. Together we can Achieve so much 🚀
Disclaimer: it’s my own research, done with the best of my knowledge and conscience.
$RIO #RIO
@cousincrypt0 $RIO @realio_network
Stacked roadmap which is about to be rollled out by a well connected team who are SEC compliant. Also a massive community which really helps