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On April 14th, some cryptocurrencies like RAVE increased in value by dozens of times in a short period under the influence of major investors. According to a report from BlockBeats, although this 拉盘 behavior is controversial, venture investors still actively participate.
The project team exploited market sentiment to quickly push the price up, with FF and INX as representatives. FF rose from $0.07 to $0.17641 in the early morning of the 11th, then rapidly dropped back to $0.07786.
The INX team sold at least two addresses for around $400,000 worth of tokens after one 拉盘 day, leading to the cryptocurrency's price halving. FF and INX were once funded projects but are now accused of market manipulation.