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RIVER is about to undergo a wave of concentrated unlocking. Around 08:00 on January 22nd (GMT+8), approximately 1.5 million tokens will be released from the lock-up period. Based on the current price, the market value is estimated to be around $36 million, accounting for 4.32% of the circulating supply. In addition, about 300 million RIVER tokens are in a 180-day dynamic transfer period, and when this portion enters the market is also a point of interest for subsequent developments.
From on-chain data, the movements of several major whale addresses are worth paying attention to. Two top wallets hold a considerable amount, while another address operates more discreetly, making it more difficult to track. Interestingly, one large holder withdrew 1.4 million RIVER from an exchange in early January and transferred it to other trading platforms. Currently, the value of this portion of tokens has risen to around $13 million, with unrealized gains exceeding 200%. This series of actions also reflects institutional attitudes toward RIVER's future prospects.
The unlocking event tomorrow is likely to cause some short-term impact on liquidity and price. Interested friends can follow the flow of these released tokens—whether they continue to be locked or are sold off in large quantities—some clues can be gleaned from this.