RIVER soars 40% after Justin Sun endorses the DeFi project

TapChiBitcoin

2026-01-23 02:58:38

USD1-0,02%

Token RIVER hits a record high after the DeFi project River announced a strategic investment of 8 million USD from TRON founder Justin Sun. The RIVER price reached 60.24 USD, up 39% in 24 hours, with a market cap of 1.16 billion USD and a trading volume of 42 million USD. The overall cryptocurrency market declined by about 1%.

RIVER increased by 171% over the past week and more than 1,150% over the past month. Sun’s investment will support the integration of TRON and River’s “chain abstraction” stablecoin infrastructure. River will launch satUSD, which can be created 1:1 with USDT, USDD, USD1, or assets from other chains, aiming to enhance ecosystem liquidity and yield opportunities on TRON.

satUSD will participate in stablecoin pools on SUNio and the Just ecosystem for lending and borrowing, with price data from WinkLink Oracle. Demand for stablecoins remains strong, with a total market capitalization of 309 billion USD, up from 206 billion USD a year ago.

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