Surged 80x in 7 days! How did RAVE precisely hunt down shorts with 90% market control?

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯3044 words

Author: Jae, PANews In the past week, the altcoin market has been stirring, with overall trading volume rebounding significantly. Multiple projects such as RAVE, 幣安人生, GENIUS, and ENJ have seen gains of several times or even dozens of times within the week, causing market sentiment to heat up rapidly. Among them, the token that has received the most market attention is undoubtedly RAVE (RaveDAO), which staged a "spectacular rally." In just 7 days, the price of RAVE soared from $0.25 to a high of $19.66, an increase of nearly 80 times. Its FDV (Fully Diluted Valuation) once exceeded $16 billion, even crushing established public chains like Avalanche and SUI, becoming a "wealth myth" that flooded the entire web. However, this is not an inspirational story of a grassroots community staging a comeback. When the spotlight shifts to the fundamentals behind the K-line chart, the project has no innovative technological breakthroughs and no revenue-generating capability to match its valuation; instead, there is only a precisely calculated, interlocking on-chain market manipulation. 90% of chips monopolized, $3 million in revenue "supports" a $10 billion valuation RaveDAO originated from a post-party with 200 people held during Devconnect in Istanbul in November 2023, defining itself as a decentralized organization that deeply integrates electronic music culture with Web3 infrastructure. RaveDAO launched NFT tickets based on an upgraded ERC-721 contract. DAO members can obtain a "Proof-of-Participation" NFT, which serves as an admission ticket for events and a digital identity within the organization, binding community rewards and governance rights. Looking at the financial data, RaveDAO recorded $3 million in event revenue in 2025. For a startup project, this is certainly not bad. But the problem is that there is an insurmountable gap between this level of revenue and a $16 billion valuation. The foreshadowing of RAVE's manipulation was buried the moment the token allocation was designed. According to Arkham's monitoring, out of a total supply of 1 billion RAVE tokens, only 24.8% are in circulation, with the remaining 75.2% locked. The on-chain data is even more shocking: the top 10 wallet addresses control 99.95% of the token supply. Among them, three Gnosis Safe multi-sig wallets, widely believed to be controlled by the project team, hold 75.2%, 9.87%, and 4.67% of the total supply, respectively. This means that approximately 90% of the tokens in the market are actually controlled within a black box managed by a single entity. The highly monopolized chip distribution has created an absurd FDV. At its peak, the FDV of RAVE tokens reached as high as $16.06 billion, more than 4 times its circulating market cap. For a project with annual revenue of only a few million dollars, its valuation far exceeds that of public chains like Avalanche and SUI, which carry billions of dollars in TVL. It can be said that its valuation has significantly deviated from the pricing logic of the project's fundamentals and is a naked market manipulation. Pundi AI founder danny told PANews that more important than the chip structure is the "circulating supply control rate," which determines the capital cost for the manipulators to accumulate chips and the payback period. Extremely low circulating supply and extreme control rates have paved the way for "low-cost pumps and high-leverage harvesting" for the manipulators. Fake dump lures shorts into the trap, a textbook-level hunt unfolds From April 13 to 15, RAVE staged a precise hunt against shorts across the entire network, with interlocking manipulation techniques that can be called a classic case of crypto market manipulation. 10 hours before the surge, abnormal operations appeared on-chain. Two addresses directly linked to the project deployer transferred 18.58 million RAVE to Bitget, valued at approximately $8 million based on the then-market price of $0.43. Crypto KOL 可達鴨 pointed out that Bitget is the main battlefield for RAVE spot trading, with 88% of the exchange's spot holdings on Bitget. In trading common sense, large deposits to exchanges are usually seen as a precursor to a dump. This action spread rapidly on social media and monitoring alert channels, inducing a large number of traders to open short positions. Coinglass data shows that on the eve of the surge, 74% of trading accounts on Binance held RAVE short positions, and short positions accumulated to a critical point. And when the short chips were full, the manip

Data Status✓ Full text extractedRead Original (區塊客)

🔍Historical Similar Events· Keyword + Asset Matching1 items

2026-04-26

$TRADOOR plunged 90% overnight! Analysts accuse the team of holding 70% of the supply, with the RAVE/SIREN pump-and-dump scheme repeating.

Similarity 120%關鍵字 rave同分類 zh

💡 Currently matching via keywords + symbols (MVP) · Will be upgraded to embedding semantic search later

Raw Information

ID:fecf80f1d8

Source:區塊客

Published:2026-04-18 06:00:07

Category:zh_news · Export Category zh

Symbols:Unspecified

Community Votes:+0 / −0 · ⭐ 0 Important · 💬 0 Comments