The story of $RAVE is a textbook example of market psychology and leverage wiping out retail traders.

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When a token goes from a few cents to $28 in days, emotion takes over. First came the disbelief—traders kept opening short positions, thinking it couldn't possibly go higher. $RAVE defied all odds, squeezing those shorts and forcing massive liquidations.

Then came the FOMO. At the absolute peak of the hype, the market flipped. Longs were heavily liquidated as the price cascaded right back to its baseline.

If you are still holding bags hoping for a return to $10 or $28, you are fighting a losing battle. The liquidity has moved on.