According to BlockBeats, on April 13, HTX data showed that RAVE rose above $10, with a 24-hour increase of 241.35%. The total liquidation amount of RAVE contract trading across the entire network reached $17.67 million in 12 hours, ranking first in the entire network.
Previously, EmberCN monitored that RAVE "market manipulators" controlled the spot price and then used contracts to profit from it. Recently, they have been using on-chain activities to "mislead" users: in the past three days, they first transferred 30.58 million RAVE, worth $42 million, to Bitget to attract funds to short. Then, in the past two days, they withdrew 31.94 million RAVE from Bitget back to the blockchain, while simultaneously driving up the RAVE spot price on platforms such as Bitget.
