RIVER Fell By 4% After a Record High, Hinting Supply Concentration

• RIVER dropped over 4% in 24 hours after a 1,500-1,900% monthly rally stalled.
• The cryptocurrency also made a new all-time high near the $87.79 high.
• On-chain data shows extreme supply concentration, with over 69% of BNB Chain supply held by one wallet.

River (RIVER) fell more than 4% over the past 24 hours after an aggressive parabolic run that pushed the token to a record high near $87.79. The pullback followed a near 1,500-1,900% rally over the past month, depending on the exchange, with RIVER now trading close to $70.

According to CoinMarketCap data, RIVER’s trading volume dropped roughly 23% in the past day after the token printed a fresh all-time high at $87. Interestingly, the price decline came just hours after RIVER briefly broke above $80 again, failing to hold higher levels.

RIVER’s rally resulted from a tight circulating supply of roughly 19.6 milli…

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