RIVER (River) rose 22.91% in the last 24 hours.

Gate News Bot news, on October 22, according to CoinMarketCap, as of the time of writing, RIVER (River) is currently priced at $5.17, having pumped 22.91% in the last 24 hours, reaching a high of $8.55 and a low of $2.62. The current market capitalization is approximately $101 million, an increase of $18.9 million from yesterday.

Important news about RIVER recently:

1️⃣ Dynamic Airdrop Conversion mechanism successfully implemented The Dynamic Airdrop Conversion mechanism launched by the River project was synchronized with the TGE, allowing over 100,000 addresses to qualify for receiving River Pts. This mechanism aims to enhance the fairness and participation of token distribution, injecting vitality into the RIVER ecosystem, helping to expand the user base and increase community engagement.

2️⃣ River Pts conversion demand is strong As of now, approximately 11 million River Pts have been successfully converted into 10,755 RIVER tokens. This data indicates a high level of community recognition for RIVER tokens, with strong conversion demand. A large number of River Pts holders have chosen to convert their holdings into RIVER tokens, reflecting market confidence in the RIVER project, and is one of the important factors driving the rise in RIVER prices.

3️⃣ River Pts value steadily rises On the 25th day after the TGE, the trading value of 1 million River Pts has approached the theoretical conversion value on the 35th day, which is approximately 13,000 USD. This phenomenon reflects the market's positive expectations for the future value of the RIVER token, while also indicating that River Pts holders are motivated to continue holding or converting to RIVER tokens, providing ongoing support for the RIVER price.

From a technical perspective, RIVER has seen a significant pump in the past 24 hours, with a large price fluctuation, rising from a low of $2.62 to a high of $8.55, ultimately closing at $5.17. This dramatic price volatility indicates that market interest in this token is rapidly increasing, but it also implies potential high risks. Investors should closely monitor market changes and carefully assess investment risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.