According to River, the October 29 Dutch auction sold all tokens rapidly, raising $3.2 million and sparking a 40% post-sale price jump on decentralized exchanges.
River announced that its October 29 public Dutch auction for 50 million River Pts tokens concluded in just 2.5 hours. The sale attracted 2,908 BNB, equivalent to $3.2 million, with a final settlement price of $0.048 per token. Following the auction, the token price rose by 40% on decentralized exchanges, generating $2.2 million in short-term trading volume.