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1.6-80! Nearly 5000% surge in 40 days!!! Top investors support #river to reach $100! What happened to $RIVER ?
RIVER token recently experienced a staggering surge, with the price soaring from around $1.6 to over $80, with a monthly increase of over 4800%! Top investors support RIVER reaching $100!
After reviewing the collection messages, it was found that this surge was not purely speculative hype, but driven by endorsements from top institutions, exchange listing effects, and a scarce token model.
On January 5th, Maelstrom, the family office of BitMEX co-founder Arthur Hayes, publicly announced an investment in River. After the announcement, RIVER's price skyrocketed 36%, from $19 to $26. Arthur Hayes (Little Black Brother) previously supported RIVER reaching $100, and now, the bulls are determined to achieve this goal.
Subsequently, Sun Yuchen invested an additional $8 million to support the integration of the Tron blockchain and the deployment of River Chain's abstract stablecoin infrastructure.
On January 20th, River was listed on Korea’s mainstream exchange Coinone, bringing significant new liquidity and premiums.
These two key events helped the main forces fully absorb the selling pressure from the token unlock on the 22nd.
In the derivatives market, trading volume has already exceeded 80 times that of the spot market! The market is completely crazy! Behind the highly concentrated chips, where can it go?
12-hour chart (Figure 1), the price has approached $85! The most aggressive short-term target is around $100! For those still holding positions, taking profits in stages around $85 and $100 is a good strategy, along with trailing stop-loss. Short-term risk-reward ratio no longer has an advantage, so chasing high is not recommended. Just watch the show~!