I was watching this RAVE and what happened is quite suspicious. That 66% surge in 24 hours looked like a classic short squeeze, with over 30 million in liquidations. But upon closer inspection of the on-chain data, it's clear that this is a typical meme trap — 90% of the supply is concentrated in the team’s wallets, with only 24% in actual circulation. Basically, they set up a perfect situation to pump and then dump. Several whales moved millions of tokens to exchanges hours before the surge, with no official announcement. The community is calling it a manipulated liquidity trap. Now the price has plummeted — (it’s at $2.32 in the latest data), and the risk remains high with this absurd concentration. These are the kinds of moves that seem like easy gains but end up being a trap. Better to stay away when you see signs like this.