The RIVER token surged to an all-time high on Thursday after the decentralized finance (DeFi) project announced an $8 million strategic investment from TRON founder Justin Sun, as it pushes deeper into stablecoin infrastructure.
At the time of writing, RIVER was trading around $60.24, up 39% over the past 24 hours, according to CoinGecko. The token’s market cap stood near $1.16 billion, with about $42 million in daily trading volume. The move came as the broader crypto market was down roughly 1% on the day.
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