River (RIVER) Surges 1,200% in a Month, Entering the Top 100 Tokens by Market Cap

River (RIVER) exploded nearly 1,200% in a month, briefly reaching a $1B+ market cap, driven by $12M in high-profile strategic backing, rapid listings on exchanges like HTX and Coinone, and rising attention around its cross-chain stablecoin infrastructure and satUSD growth. The rally was amplified by a very small circulating supply, but it also became heavily leverage-driven, with futures volume vastly outweighing spot activity, making the move fragile. A sharp pullback of over 25% has followed as profit-taking and liquidations set in, leaving RIVER still massively up on the month but now at a critical point where sustaining gains depends on real spot demand replacing speculative leverage.