* River price rose sharply as bulls defied the broader market downturn.
* The token exploded more than 40% in 24 hours to hit a new all-time high above $87.
* RIVER recently received backing from Justin Sun and Arthur Hayes.
Several altcoins are deep in the red amid a broader cryptocurrency market downturn that has pushed Bitcoin well under $90,000.
But as BTC struggles, River’s native token RIVER has defied the odds, with price surging 40% in the past 24 hours to reach a new all-time high above $87.
The move sees the token rank as one of the top gainers across the altcoin sector.
River price explodes to new all-time high
River is a crypto protocol building a chain abstraction stablecoin platform.
The protocol eyes traction across the ecosystem with its liquidity and yield offering.
RIVER, the native governance and utility token, has surged significantly in recent days and skyrocketed 40% over the past 24 hours to smash through resistance to a new all-time high.
The token has pumped more than 200% in the past week and by more than 2,070% in the past month.
It peaked at $87.79 across major exchanges on January 26, 2025, more than 70x off the all-time lows reached in September 2025.
River’s explosive rally comes as the token’s market capitalisation ballooned past $1.6 billion, which aligns with the robust demand highlighted by a 39% jump in daily trading volume.
CoinMarketCap data shows the altcoin’s trading volume spiked to over $108 million in the past 24 hours.
Meanwhile, total value locked (TVL) climbed to over $162 million, as DeFi users flocked to the protocol’s cross-chain offerings.
In terms of gains, River’s performance stands in stark contrast to the prevailing market sentiment.
Bitcoin, the bellwether asset, dipped below $88,000 amid macroeconomic jitters.
Ethereum and other altcoins followed suit as risk-off sentiment grips traders.
The same headwinds could see RIVER ‘s price retreat sharply.
What catalysed the RIVER price rally?
Likely catalysts for RIVER’s meteoric rise include the latest listings and major backing in a fresh round.
Of the more than $14 million in capital raised, a landmark $12 million is from a strategic funding round backed by heavyweight investors that attracted TRON DAO, Justin Sun, Maelstrom Fund founder Arthur Hayes, and The Spartan Group.
Notably, the round also drew commitments from Nasdaq-listed companies and blue-chip institutions across the United States and Europe, lending unprecedented credibility to River’s vision.
River plans to plough this capital infusion into its multi-chain expansion plans, with DeFi applications available across Sui, Ethereum, BNB Chain, and Polygon.
Amplifying the momentum for the token is fresh exchange listings.
Both HTX and OKX have injected new liquidity and retail access to the token. Bulls capitalised on this, stacking positions as open interest in RIVER perpetuals.
Resistance looms at $90, but with funding secured and listings live, RIVER could test $100 in the coming days. However, a sharp pullback is possible given profit-taking deals.
