$RIVER Air!
The retail traders in CEX are still mindlessly rushing in without even checking that the on-chain liquidity pools are nearly dried up. Chasing longs at the current price of 26.387? The slippage alone would liquidate you on the spot.
I've checked the contract interaction data, and there are tons of bot selling pressure around 28.800—this is a wall retail traders simply can't push through. This rally is purely designed to harvest money from those who don't understand DeFi mechanics.
Stop sending gas fees to market makers. Just wait patiently for it to drop to 23, or even get wicked