RIVER Fell By 4% After a Record High, Hinting Supply Concentration

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 , 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.

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 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.

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 to claim that Bitcoin, which is struggling right now, needs “some of that RIVER energy” to continue pushing higher.