Indonesian Protests Drive Riot Platforms Down 0.29% as Stock Ranks 190th in $490M Volume

Riot Platforms (RIOT) fell 0.29% on August 29, 2025, with a trading volume of $490 million, ranking 190th in market activity. The stock’s decline coincided with escalating protests in Indonesia, where clashes between demonstrators and riot police intensified following the death of a motorcycle taxi driver during demonstrations over cost-of-living issues and political allowances.

Protests resumed in Jakarta after an armored police vehicle struck and killed Affan Kurniawan, a ride-sharing driver. The incident sparked widespread unrest, with demonstrators targeting government facilities, burning vehicles, and clashing with security forces. President Prabowo Subianto condemned the incident, ordering an investigation and expressing condolences, but the turmoil persisted across multiple cities, including Surabaya, Yogyakarta, and Medan. Analysts noted the unrest could heighten macroeconomic uncertainty, though direct ties to Riot’s operations remain unconfirmed.

The protests, driven by frustration over lawmakers’ housing allowances exceeding 10 times Jakarta’s minimum wage, reflect broader dissatisfaction with economic policies. While Riot’s business model is not explicitly tied to Indonesia, prolonged instability in major markets could indirectly affect investor sentiment. No further details were provided on operational impacts or corporate responses from Riot.

The backtest results segment was omitted due to incomplete data in the source material.