1.6-80! 40 days of crazy surge nearly 5000%! Top investors support #river reaching 100 dollars! What happened to $RIVER ?
RIVER token has recently staged a jaw-dropping surge, with the price skyrocketing from a low of about 1.6 dollars to over 80 dollars, with a monthly increase of more than 4800% at one point! Top investors support RIVER to reach 100 dollars!
After reviewing the gathered information, it was found that its surge is not merely speculation, but is driven by top institutions' endorsements, the effect of listings on exchanges, and the scarcity of the token model.
On January 5, Arthur Hayes, co-founder of BitMEX, publicly announced his family office Maelstrom's investment in River. After the news was announced, RIVER's price surged by 36%, rising from 19 dollars to 26 dollars. Arthur Hayes (Little Black Brother) has previously supported the RIVER token to reach 100 dollars, and now, the bulls are determined to achieve this goal.
Subsequently, Sun Yuchen invested 8 million dollars to support the integration of the TRON blockchain and the deployment of River’s abstract stablecoin infrastructure.
On January 20, River was listed on South Korea's mainstream exchange Coinone, bringing significant new liquidity and premiums.
These two key events helped the main force completely digest the selling pressure from the token unlock on the 22nd.
In the futures market, trading volume has already surpassed the spot market by more than 80 times! The market has gone completely crazy! With chips highly concentrated, where else can it go?
The 12-hour chart (Figure 1) shows that the price has approached 85 dollars! The craziest short-term target is around 100 dollars! For family members still holding positions, taking profits in batches around 85 and 100 is a good strategy, and also pushing up the trailing stop. The short-term risk has no advantage now, so chasing high is not recommended. Just enjoy the show~!
