Overview
- RIVER jumped to a record above $87 after a month-long rally of roughly 1,900%, lifting its market value to about $1.6 billion and daily volume to roughly $108 million.
- A funding push of more than $14 million included a $12 million strategic round backed by TRON DAO, Justin Sun, Arthur Hayes and The Spartan Group.
- Justin Sun separately committed $8 million to support TRON integration with River’s chain-abstraction stablecoin infrastructure, according to the project’s announcement.
- New listings on HTX, OKX and South Korea’s Coinone expanded retail access and liquidity as open interest in RIVER perpetuals climbed.
- Analytics firms flagged outsized derivatives activity—such as futures volume far exceeding spot and funding-rate dynamics—as potential drivers of the surge, signaling elevated volatility and downside risk despite growing TVL near $161–162 million.