River 24-hour trading volume tops $3.5B amid Arthur Hayes' backing

River (RIVER), a chain abstraction stablecoin system, has recorded over $3.5 billion in trading volume across major global exchanges in the last 24 hours. The volume is concentrated in the Binance perpetual futures market, where its daily trading of approximately $2 billion has surpassed that of Sui (SUI), Dogecoin (DOGE), and Pepe (PEPE). The token's price previously surged about 36% from $19 to around $26 after securing an investment on Jan. 5 from Maelstrom, the family office of BitMEX co-founder Arthur Hayes. Hayes has since mentioned on X that RIVER could be listed on more exchanges and noted in a recent blog post that he is pursuing an investment strategy in privacy and DeFi-focused altcoins. According to CoinMarketCap, RIVER is trading at $19.34, up 29.71% over the past 24 hours.