River Crypto Token Up 1,900% in the Last Month—What’s the Deal?

In brief

  • The RIVER token has jumped 1,900% in the last month, reaching the top 100 tokens by market cap.
  • RIVER earned promotion from crypto personalities Arthur Hayes and Justin Sun, who both have a vested interest in its success.
  • River Protocol has around $161 million in TVL and its stablecoin is the 40th largest by market cap.

A little-known crypto token—River (RIVER)—has been making waves over the last month, jumping more than 1,900% and catapulting into the top 100 tokens by market capitalization, according to data from CoinGecko. 

The native token of the multi-chain stablecoin abstraction platform of the same name was trading around $5 near the end of December, but has since exploded to recently change hands around $82. At…

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