The RIVER token has experienced a dramatic rally, gaining over 27% in the past 24 hours and becoming one of the top-performing mid-cap assets in January 2026. The surge was primarily triggered by its listing on the South Korean exchange Coinone with a KRW trading pair on January 20, which attracted significant speculative volume and boosted market confidence.
Fundamental drivers extend beyond the listing. RIVER is developing an omni-stablecoin system, with its satUSD stablecoin planned for deployment across more than 15 blockchains by 2026. A key partnership announcement with the Sui ecosystem has significantly increased its visibility. The integration enables "liquidity teleportation" into Sui via satUSD, reinforcing RIVER's cross-chain stablecoin model designed to reduce reliance on traditional bridges.
Network metrics show substantial growth, with the circulating supply of satUSD reaching $159 million, Total Value Locked (TVL) surpassing $316 million, and the number of users climbing to 870,736. However, network activity data from Etherscan reveals inconsistencies, with transfer amounts and unique user counts fluctuating throughout January.
A critical test looms on January 22nd with a scheduled token unlock of approximately 364,000 RIVER (0.36% of total supply). Analysts warn this could introduce significant sell pressure and potentially reverse recent gains. Currently, only 15.66% of RIVER's total supply is in circulation, with 54.34% locked and 30% untracked.
Technically, the price has soared from around $7 in early January to approximately $33.8 at the time of reporting—a gain exceeding 350%. It recently tested the $43 level. Momentum indicators like the RSI are above 70, suggesting the asset may be overbought and require consolidation. Derivatives data shows open interest up 27% to over $215 million, with a long/short ratio above 1 indicating dominant short liquidations. Prominent investor Arthur Hayes of Maelstrom has publicly backed RIVER to reach a $100 price target.
