River (RIVER) fluctuated by 43.0% in 24 hours: Token unlocking selling pressure triggers sharp volatility

Volatility Brief

In the past 24 hours, RIVER price fell from a high of $18.40 to a low of $12.8693. The current price is $13.178, with a price fluctuation range of 43.0%. The 24-hour trading volume is approximately $41.57 million to $52.04 million, up over 70% from the previous day, indicating a significant increase in market activity.

Analysis of the Causes of the Fluctuation

• Token unlock selling pressure: The unlock event triggered more than 20% panic selling, with prices rapidly breaking through support levels followed by a liquidity sweep.

• Profit-taking and correction: Despite nearly a 90% increase in the past month, RIVER still plunged 23%-30% within 24 hours, wiping out about $96 million to $124 million in market capitalization, mainly as a normal correction after the previous pump.

Market Perspective and Outlook

The mainstream market sentiment is cautiously optimistic. The community describes this move as a “whipsaw” fluctuation; a brief squeeze occurred after the sell-off, MACD still shows bullish signals, and top holders did not significantly reduce their positions. Analysts point out that demand signs persist but warn of the risks of leveraged trading. Future market developments should pay attention to structural support levels.