- RIVER dropped over 4% in 24 hours after a 1,500-1,900% monthly rally stalled.
- The cryptocurrency also made a new all-time high near the $87.79 high.
- On-chain data shows extreme supply concentration, with over 69% of BNB Chain supply held by one wallet.
River (RIVER) fell more than 4% over the past 24 hours after an aggressive parabolic run that pushed the token to a record high near $87.79. The pullback followed a near 1,500-1,900% rally over the past month, depending on the exchange, with RIVER now trading close to $70.
According to CoinMarketCap data, RIVER’s trading volume dropped roughly 23% in the past day after the token printed a fresh all-time high at $87. Interestingly, the price decline came just hours after RIVER briefly broke above $80 again, failing to hold higher levels.
RIVER’s rally resulted from a tight circulating supply of roughly 19.6 million tokens against a stated total supply of 100 million. Open interest surged above $140 million as speculative activity spiked, with more than 57% of positions skewed short.
This imbalance led to forced liquidations as prices pushed toward $90, giving a boost to increasing prices. Once short positions were flushed, open interest declined sharply. With fewer leveraged buyers left and reduced volume, prices began to slide.
Related: River Price Prediction: RIVER Retreats From Highs as Open Interest Hits New Peak
Supply Concentration and Insider Risk
On-chain data points to extreme supply concentration. On Base, more than 88% of RIVER supply sits in a single address. On the BNB Chain, the top holder controls over 69% of tokens. Ethereum and BNB Chain wallets also show connected clusters, indicating coordinated or insider-linked holdings.
On the other hand, liquidity risks remain high. One liquidity provider accounts for over 40% of the PancakeSwap pool. Two whale wallets have already extracted close to $2 million by selling into strength during the rally.
These dynamics leave price vulnerable to sharp pullback scenarios, especially as RIVER enters a phase of rapid token unlocks.
Narrative Strength vs Market Risk
River launched in late 2025 as a multi-chain stablecoin abstraction protocol, managing roughly $162 million in TVL, down massively from a peak near $605 million.
Its native stablecoin, satUSD, holds around $158-159 million in supply across multiple chains. The project has drawn attention from major figures, including Justin Sun and Arthur Hayes, and raised $12 million in a strategic round involving TRON DAO and Maelstrom.
Hayes took to X on Monday to claim that Bitcoin, which is struggling right now, needs “some of that RIVER energy” to continue pushing higher.
Related: Insider Trading Allegations Resurface: Coinbase C-Suite Sued for $4.2 Billion in Delaware
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Source: https://coinedition.com/river-fell-by-4-after-a-record-high-hinting-supply-concentration/
