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Gate News: On April 13, on-chain analyst Yu Jin monitored that RAVE’s spot price surged from $0.3 to $6.2 this morning over the past three days, delivering about a 20-fold increase. During this period, the RAVE team first transferred 30.58 million RAVE (worth approximately $4200 万) to a certain CEX to attract funds to short it. Then, within nearly two days, they withdrew 31.94 million RAVE back from that exchange onto the chain and sharply boosted RAVE’s spot price on a certain CEX and other trading platforms.