Crypto brothers are back, collecting people again

$RAVE has been aggressively pulling in recent days, and the short side has suffered heavy losses
Looking at the data: 202 whales, total holdings over 88k. The 123 profitable ones, average price 5.1, floating profit over 439k. The 79 losing ones, average price 7.33, nearly 3 million in losses. Early buyers are sitting pretty, those chasing shorts are standing guard, it's that simple
Then everyone sees $RAVE going crazy, turns around to buy $COAI , which has risen 78% in a day, now at 0.5144. But look, it has fallen 97% over 180 days—hitting the all-time high, and a bunch of people rush in to short
Looking at the data: 90 whales, total holdings 1.75 million. The 29 profitable ones, average price 0.401, made 88k. The ones losing money hold even larger positions, 1.36 million holdings, average price 0.349, lost 439k. The ones making small profits, the ones losing big, isn't this just giving profits to big funds?
The top ten hold 93.3% of the positions, all in the hands of a few major players. The reason meme coins can go wild is because the chips are highly concentrated, retail investors have no holdings.