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$RAVE Woke up to confusion? A 5x increase in one day? Clearly too rapid a rise, definitely won't return to previous highs.
The holdings of the top ten addresses have decreased from 98% to 91%, with project teams and whales firmly holding most of the chips; retail investors' circulating supply is almost negligible.
There are very few tokens in the market that can be traded normally; it's entirely controlled by whales, with high-level manipulation, buying and selling on their own, not a normal market fluctuation.
Plus, ZachXBT has already confirmed that they maliciously manipulated the market, and major exchanges have intervened to investigate.
After the previous sharp decline hit bottom, the whales violently pushed the price up again, from $0.5 in just one day to $2.68, a 5x increase in a single day, with a huge bullish candle exploding, and trading volume also surged wildly.
But this market movement is not a new upward trend; it’s a typical oversold rebound + deliberate whale-induced pump and dump.
The crazy rise of those coins that surged dozens of times is long over; now it’s purely a dead cat bounce.
If you still dream of returning to previous highs, wake up—those are just dreams.
No need to guess the future trend; after the pump-and-dump ends, it will gradually oscillate and decline, with a downward distribution.
Continue to position for shorting ⬇️⬇️⬇️