BREAKING: River (RIVER) Crashes 21% to $12.66 in Major Selloff

River (RIVER) has plunged 21.3% in the past 24 hours, trading at $12.66 as of 12:07 AM UTC on March 28, 2026. The sharp decline represents a $3.43 price drop from yesterday’s levels, triggering significant market concern among token holders.

Market Impact and Trading Volume

The selloff has wiped approximately $65 million from River’s market capitalization, which now stands at $248.5 million. The token’s market cap rank has fallen to #145 among all cryptocurrencies.

Trading activity has intensified during the decline, with 24-hour volume reaching $40.1 million. The token touched an intraday low of $12.32 before recovering slightly to current levels, while the 24-hour high reached $18.19 before the selloff accelerated.

Extended Decline Deepens

Today’s crash extends River’s weekly losses to 42.8%, indicating sustained selling pressure over the past seven days. However, the token maintains a 35.3% gain over the past 30 days, suggesting recent strength has been completely reversed.

River is now trading 85.6% below its all-time high of $87.73, reached on January 26, 2026, just two months ago. The dramatic reversal from peak levels highlights the volatility that has characterized the token’s price action in 2026.

Supply and Valuation Metrics

With 19.6 million tokens in circulation out of a maximum supply of 100 million, River’s fully diluted valuation stands at $1.27 billion. The current circulating supply represents 19.6% of the total token allocation.

Despite today’s decline, River remains significantly above its all-time low of $1.58 recorded on September 23, 2025, representing a 701% gain from that bottom.

Market Outlook

The sharp intraday decline, combined with the broader weekly downtrend, suggests traders are reassessing River’s valuation following its strong performance earlier in the year. The high trading volume indicates active participation from both buyers attempting to find support and sellers exiting positions.

Market participants will be closely monitoring whether River can establish support at current levels or if further downside pressure continues. The token showed a modest 0.35% recovery in the past hour, though this remains insignificant compared to the 24-hour decline.

This is a developing story. Market data current as of March 28, 2026, 12:07 AM UTC.