Let's talk about $RAVE 's trading tactics

Rave's trading method roughly is: the market maker first controls over 97% of the spot holdings, then continuously pushes the price up to create hype. Everyone knows these altcoins are just air, eventually going to zero, so many people open contracts to short, betting against the market maker.

The more the market maker pushes the price higher, the more people short, allowing the market maker to raise the price by hundreds of times. At the same time, because they hold long positions, they can keep collecting funding fees—
up to 2% of your principal per hour, which can eat up 48% of your principal in a day. The larger your short position, the more the market maker earns, effectively using your money to add chips and keep playing with you.
This cycle is basically unstoppable. Because of these high funding fees, the "dog" market makers almost never lose. Without funding fees, both longs and shorts could compete based on capital strength, but with fees, the market maker can keep stealing chips from the short side.
The higher the price is pushed, the more newcomers get tricked into shorting. Many people who just entered the crypto space are easily hooked; even a billion isn't enough to cover the losses.
Such 100x volatility isn't normal market behavior; its purpose is to deceive people into investing more money, then harvest it.
This isn't "gambling losers deserve it," because you're not losing your bet—you're being scammed away.
It's no different from telecom fraud: raising the price to trick you into shorting, then taking your money. Keep doing this, and it's no different from a scam operation.
Your money isn't lost because of gambling; it's stolen—essentially tricking you into providing liquidity, then the other side draws a line and takes your money.
From start to finish, only the exchanges can regulate them; any other link in the chain is powerless.
#Gate13周年现场直击