The cryptocurrency Reserve Rights (RSR) has been on a rollercoaster ride, driven by news surrounding its consultant, Paul Atkins, and his potential appointment as SEC chairman.
The speculation initially surfaced with reports that former President Donald Trump might nominate Atkins for the position, leading RSR to skyrocket 90% in a single day.
The situation intensified when, at 1:30 a.m., Trump officially confirmed his intent to nominate Atkins. In response, RSR surged by an additional 51% within hours. However, the market quickly reversed course when Atkins publicly stated that he was not interested in the role, causing RSR to shed its recent gains.
1/ OpenAI 姐妹篇之 $RSR 顾问愿不愿意当 SEC 主席
1️⃣ 此前受「特朗普或将提名 RSR 顾问 Paul Atkins 担任 SEC 主席」消息影响，RSR 一天暴涨炒 90%
2️⃣ 凌晨一点半，特朗普确定选择 Paul 担任 SEC 主席，RSR 短时暴涨 51%
3️⃣ 随后 Paul 表示不愿意接受该职位，RSR 迅速收回涨幅
4️⃣ 最新消息 Paul… pic.twitter.com/yO2DXX6W62— Ai 姨 (@ai_9684xtpa) December 4, 2024
The latest twist in the saga suggests that Atkins may still be a contender for the position. This renewed optimism has sent RSR climbing once again, reaching $0.027 before settling at its current price of $0.02196.
Adding to the volatility, RSR’s market maker, GSR Markets, has been actively trading the token. Over the past two hours, GSR transferred 280 million RSR tokens, valued at approximately $6.66 million, to Binance. The firm’s frequent trading activity has played a significant role in amplifying price fluctuations in recent days.
With Paul Atkins’ potential SEC nomination still in question, RSR traders are closely watching for further developments. The token’s price movements underscore the market’s sensitivity to regulatory speculation and the influence of key stakeholders like GSR Markets. As the story unfolds, investors should brace for continued volatility in the RSR market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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