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RAVE breaks above $19 to hit a new all-time high—shorts get wiped out!
24 hours up 135%, up over 6600% in 7 days; nearly $30 million in contracts liquidated—liquidation amount ranks No. 3 on the entire network, behind only Bitcoin and Ethereum—of which short liquidations account for 82%!
But on-chain data reveals the terrifying truth:
🚨 Three wallets control 90% of the token supply
🚨 Only 24% circulates in the public market
🚨 Suspected market makers first top up and deposit to exchanges to lure shorts, then violently withdraw coins to pump, completing a chain of short-squeeze liquidations and harvest
The project’s vision is a Web3 electronic music ecosystem, but its token allocation is even worse than a Ponzi scheme. The house always wins at the gambling table.
#RAVE # liquidation #加密货币 # shanzhai coin