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$RAVE The top-tier meme coin has gone completely crazy!
Who would have thought that $RAVE would surge from $0.25 all the way to $26!
Peak market cap of $4.1 billion, ranking in the top 15, successfully entering the mainstream cryptocurrency list.
FDV reached $16 billion, but the circulating supply is only 24.8%. Most of the chips are held by the project team. Looking at the fundamentals, the annual revenue is only $3 million, which can't support the current price at all—purely speculative hype.
Let me break down the entire scam for everyone:
April 13th:
The team transferred over 10 million RAVE tokens to exchanges in advance, spreading panic and negative news everywhere to trick people into shorting.
✅ on the same day
Directly triggered a violent rally, skyrocketing 80 times, reaching $19.66, causing short positions to be wiped out instantly, with over $20 million in liquidations.
April 16th:
A sharp drop of 44 from the high, crashing down to $10, scaring retail investors into frantic selling, then immediately rebounding to recover losses.
April 17th:
Failed to break above $20, showing weak momentum, the team secretly started selling off in batches to cash out.
Latest market situation in the early morning:
Thought it would cool down, but suddenly surged overnight, breaking new highs and stabilizing at $26—control of the market is simply invincible.
This kind of coin has no logic left; it’s all just a pump-and-dump script.
A reminder: all the top prices are filled with bagholders, don’t blindly chase the rise, beware of a night back to the pre-liberation era. Also, don’t casually short it, as you risk being single-handedly harvested.