As anticipated, gravity is catching up to RaveDAO ($RAVE). Following an explosive 2,500%+ parabolic run, the asset is experiencing a severe and violent pullback as early holders secure profits and the initial short-squeeze momentum begins to fade.
This is a textbook example of low-float token dynamics. The exact same lack of circulating supply that propels violent upward squeezes also leaves the bid side extremely thin when heavy selling pressure arrives, resulting in rapid price deterioration.
For those watching the charts today, this serves as a critical reminder of why strict risk management and capital preservation are mandatory on highly extended runners. Are you stepping in to trade a potential bounce, or letting the chart establish a new structural floor first?