Look, I was watching RAVE these days and things got a bit strange. The token shot up 66.9% in 24 hours in a move that everyone is calling a disguised liquidity trap. Basically, there was a heavy short squeeze - liquidations of short positions exceeded $30 million, which caused the price to jump from $10.50 to $17.60 in a short period. The third-largest liquidation of the day, only behind BTC and ETH.

But here’s the suspicious point: on-chain data shows that 18.58 million RAVE ( or about 7.5% of the circulating supply ) were moved from a team wallet to an exchange just minutes before the surge. And there’s more - the team controls 90% of the total supply with only 24% in circulation. Basically, it’s a well-constructed meme trap: little real liquidity, massive concentration, and the movement seems more coordinated than organic.

The community is quite skeptical about this. People on X are saying it’s a pure liquidity withdrawal trap, that classic pump-and-dump that crashes afterward. With 98% of the supply concentrated in a few wallets, the risk of collapse is real. Today, RAVE is trading around $1.14, far from that peak, and trading volume has also dropped significantly.

If you’re thinking about entering, I recommend staying defensive. This kind of move with such high concentration and low liquidity is a recipe for a trap. There’s no news or official announcement justifying the move — it’s pure on-chain warfare. Stay defensive.