$RAVE down 90% in 1 day
shocked the market after huge collapse in just 24 hours.
Price dropped around 90% and more than $5.7B market cap got wiped out very fast.
Main reason is now Binance and Bitget started investigation about the rally and trading activity.
Also onchain claims said around 90% supply was held in only 3 wallets linked with team side.
This made more fear in the market.
Before this dump, $RAVE moved from $0.25 to $27.33 in only 9 days.
That kind of pump already looked very risky.
Now after this crash many traders will stay careful on such type of tokens.
This is a reminder that not every big pump is safe.
Always check token supply, wallet distribution and exchange activity before entry.