bullish

Chair

Reserve Rights

Reserve

Reserve Rights (RSR) token jumped 136% in 24 hours, reaching $0.02518, after Paul Atkins was nominated as the next SEC Chair. Its market value grew to $1.17 billion, and trading volume increased significantly. Although the price dipped slightly due to large transactions, RSR is still trending upwards, with strong market activity. 
The Reserve Rights (RSR) token has experienced a remarkable surge of 136% in the past 24 hours, reaching a price of $0.02518, the highest since early 2022. The spike in RSR’s price follows a major news event involving the U.S. Securities and Exchange Commission (SEC). 
<h3 id="impact-of-sec-chair-momination-on-rsr">Impact of SEC Chair momination on RSR</h3> 
There are speculations that the nomination of former SEC Commissioner Paul Atkins as the next SEC Chair by president-elect Trump is increasing RSR’s value. 
RSR, an ERC-20 token, is an over-collateralization asset for eserve stablecoins and plays a governance role. On December 3, the token saw a sharp price increase, coinciding with a trading volume rise of over 3,100% in just 24 hours. 
The Reserve Rights (RSR) token started the week trading at approximately $0.009 and reached as high as $0.0266. Since then, the price has been on an upward trend. As of the latest data, the RSR token is trading around $0.018, reflecting a 7% daily increase. 
The market capitalization of RSR stands at $972.49 million, with a trading volume of $366 million, marking a 12% surge in the last 24 hours. These figures indicate a healthy market interest in the token, even with some price fluctuations. 
<h3 id="strong-whale-transaction-causes-price-correction-strong">Whale transaction causes price correction</h3> 
However, there are price dumps. According to Arkham Intelligence, a whale transferred 680 million, $12.84M RSR tokens to Binance, which coincided with a price drop to $0.017, as it assumed to be a planned sale. Despite this, the current rise in trading volume, with the ongoing bull run in the broader crypto market, suggests that RSR could continue to experience upward momentum. 
<img fetchpriority="high" decoding="async" class="alignnone wp-image-624433 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/12/RSR.png" alt="" width="946" height="529" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/12/RSR.png 946w, https://www.cryptopolitan.com/wp-content/uploads/2024/12/RSR-300x168.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/12/RSR-768x429.png 768w" sizes="(max-width: 946px) 100vw, 946px"> 
The surge in trading volume reached $1.26 billion, while its market cap climbed to $1.17 billion, reflecting a 130% increase. The token had been trading at lows of $0.00933 earlier in the day, making this dramatic price movement even more notable. 
This growth is part of a broader bullish trend in the crypto market since early November, with RSR’s price jumping 177% in the past week. 
However, the price surge was followed by some price corrections. A whale transaction involving the transfer of 680 million RSR tokens to Binance caused a slight price drop, which led some investors to speculate about a planned price dump. 
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Reserve Rights Investor moves $12.84M RSR to Binance as SEC Chair gets involved

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