RAVE's Supply Structure Still Deserves Attention

$RAVE has already moved past its initial crime-pump phase and spent an extended period in drawdown. While the price action may look discouraging, that alone doesn't confirm the underlying structure has failed.

We've seen this setup before.

Projects like BEAT, PIPPIN, and SIREN followed similar paths after their early hype faded. The difference came down to what happened after the shakeout.

BEAT absorbed the selling pressure, rebuilt momentum, and eventually printed a new All-Time High. PIPPIN and SIREN, on the other hand, only managed short-lived relief rallies before losing steam.

That's why the real metric isn't the chart—it's the supply.

The question is simple: Are the largest holders still holding, or are they quietly distributing?

Current on-chain data suggests wallets linked to Bitget, alongside several newly identified wallet clusters, continue to hold approximately 48.04 million RAVE, worth around $14.73 million.

That's roughly 20% of the token's circulating supply.

As long as these large holders maintain their positions and there isn't a meaningful increase in RAVE flowing to centralized exchanges, the supply structure remains largely intact. If demand returns under those conditions, the foundation for another recovery phase could still be in place.

Supply retention doesn't guarantee higher prices, but it often determines whether a project has the potential to recover once market sentiment improves.

DYOR. NFA.

#GUSDYieldRisesto3.8%