RIVER Surges Over 100% Weekly as Short Squeeze Ignites Rally
The RIVER token surged over 100% in a single week, reaching a peak of $20.40 while the broader crypto market traded cautiously. The primary driver for this move was a significant short squeeze, which liquidated approximately $959,000 in short positions. This forced liquidation compelled bearish traders to buy back the asset, accelerating the price increase. The rally was further amplified by heavy derivatives activity, with futures trading volume hitting $1.33 billion, dwarfing the spot volume of approximately $13.06 million and signaling heavy speculation from professional traders.
$1M Staking Event Signals Growing Holder Conviction
Underlying the speculative rally are signs of increasing holder confidence. On March 12, the RIVER token gained 24% after a report showed that $1 million worth of tokens had been staked. Staking events reduce the circulating supply available for trading, which can tighten market conditions and provide price support. This action, combined with a separate distribution of 250,000 tokens to 23,485 early users, boosted community engagement and signaled a strengthening belief in the project's long-term prospects, contributing to the pressure on short sellers.
1.11M Token Unlock on March 22 Poses Key Volatility Risk
Investors are now focused on March 22, 2026, when 1.11 million RIVER tokens, valued at roughly $23.09 million, are scheduled to be unlocked. This event will increase the circulating supply by 2.39% and presents a critical test for the token's momentum. While the new supply could create selling pressure if early investors take profits, it could also improve liquidity for larger market participants. The market's ability to absorb these new tokens will determine if RIVER can sustain its position above the key $20 resistance level or if it will face a near-term correction.
