Riot Platforms Gains 0.45% on $650M Volume (Rank 106th) Amid Jakarta Protests Over Lawmaker Housing Allowance

Riot Platforms (RIOT) rose 0.45% on August 25, 2025, with a trading volume of $650 million, ranking 106th in market activity. The stock’s performance coincided with widespread civil unrest in Jakarta, where mass protests against government policies escalated into violent clashes with police.

Demonstrators blocked major roads, including the Inner-City Toll Road and Jalan Gatot Subroto, disrupting public transport and commuter rail services. The protests, driven by public outrage over a newly approved Rp 50 million ($3,000) monthly housing allowance for lawmakers, drew thousands of students, workers, and activists. Critics argue the subsidy—nearly ten times the highest regional minimum wage—exacerbates inequality amid economic challenges. Police deployed tactical units, fired tear gas, and arrested 15 individuals, including high school students, to quell the unrest.

The turmoil impacted Jakarta’s transportation networks, with TransJakarta bus routes suspended or rerouted and commuter trains halted near parliament. While the protests subsided by late evening, the symbolic demand for parliamentary dissolution and the emergence of the One Piece flag—linked to anti-establishment movements—highlighted deepening public dissatisfaction. Analysts suggest such social instability could indirectly influence market sentiment, though no direct corporate exposure to Riot was reported.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The CAGR was 6.98%, with a maximum drawdown of 15.46% during the backtest period. The strategy demonstrated steady growth over time, making it a robust choice for investors seeking consistent returns. However, the significant drawdown in mid-2023 highlights the importance of risk management in high-volume trading strategies.