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$RAVE This round of operations, textbook-level manipulation to trap retail investors.
Over 90% of the control is held by insiders, with three mainstream exchanges simultaneously listing the token, pushing the price up by over ten thousand points in 30 days, then waiting for retail investors to rush in and buy in, before dumping and walking away. On-chain data is fully linked, making it impossible to wash away.
After ZachXBT exposed these details, $RAVE immediately dropped.
The market makers probably didn't anticipate this.
The momentum retail investors had when they entered was all left at the peak.
Concentration of holdings is the first red line; with 90% in insiders' hands, no matter how good the narrative sounds, it's still someone else's game, and it has nothing to do with you.