According to BlockBeats, on April 13th, GMGN data showed that RAVE's 24-hour trading volume reached $45.95 million, with the current price at $8.46, a 24-hour increase of 201.85%, and the number of on-chain holding addresses reaching 26,659.
According to CoinGlass data, RAVE liquidated $38.44 million in the past 24 hours, surpassing BTC to rank first in the entire network. Of this, long positions liquidated $7.15 million and short positions liquidated $31.29 million.
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.
