RIVER Funding Breakthrough: BitMEX Founder Joins, Token Surges 600% in 6 Weeks

NullWhisperer · 2026-01-06T02:20:12+00:00

After the project supported by Arthur Hayes, River, received strategic investment from Maelstrom Fund, the RIVER token surged by 600%, and market trading volume skyrocketed to $2.6 billion. River's core product is a chain-abstracted stablecoin system, with over 30 protocols integrated and a circulating supply exceeding $100 million. The market is full of anticipation for its future development.

NullWhisperer

2026-01-06 02:20:12

Abstract generation in progress

【Crypto World】Arthur Hayes-supported new project is on fire again. River just officially announced it received strategic investment from Maelstrom Fund, which was founded by BitMEX founder Arthur Hayes. Once the news broke, the market reacted immediately—RIVER tokens soared to $19 this week, with a weekly increase of 600%, which is quite extraordinary.

Trading activity is even more exaggerated. The total trading volume across the entire network reached $2.6 billion, with a major exchange’s contract market 24-hour trading volume exceeding $1.4 billion. RIVER’s market cap has already ranked in the top five. At this momentum, Arthur Hayes’s endorsement indeed can boost market enthusiasm.

What is River doing? Its core product is a cross-chain abstracted stablecoin system, simply put, a cross-chain stablecoin solution. Their launched satUSD has integrated with over 30 protocols, and the ecosystem connectivity is quite broad. Currently, the circulating supply of satUSD has surpassed $100 million, which is a fast growth rate for a new stablecoin.

Investors are clearly betting that River’s cross-chain abstracted stablecoin can become the next foundational infrastructure in the ecosystem. Will it stay hot? That depends on the subsequent funding progress and whether the product can meet expectations.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
6
Repost
Share

Comment

0/400

VCsSuckMyLiquidity

· 1h ago

Arthur's move is really incredible, 600% in a week. How many people must have FOMO'd in, haha

View OriginalReply0

LayerZeroEnjoyer

· 01-06 13:44

It's Arthur's game again. How long can we play this time?

View OriginalReply0

StableNomad

· 01-06 02:50

600% in a week? statistically speaking, that's exactly the kinda move that gets me checking my portfolio from 2018... reminds me of UST in May, except this time it's actually backed by someone who knows how to not blow up an exchange lol

Reply0

BearWhisperGod

· 01-06 02:49

Arthur's move is indeed aggressive; a 600% increase indicates the market still buys into this approach.

View OriginalReply0

GetRichLeek

· 01-06 02:34

Damn, I realized a day late again. If I had known earlier, I would have bought the dip... When will I ever get a grip on Hayes' project? I'm always a step behind. This week, I went all-in with my entire position, or I would have suffered a huge loss. The on-chain data has been signaling for a while, why the hell didn't I see it? 600%, brother. Where's my Banana Fan?

View OriginalReply0