🧵 $RAVE 45x Breakdown (What Actually Happened)

1. $RAVE ran from $0.25 → $11 in 7 days

Most people are focused on the chart.

But the real story is in supply + wallets.

2. Fundamentals (on surface):

→ RaveDAO

→ On-chain ticketing + event payments

→ ~$3M revenue (2025)

→ Partners: Binance, OKX, Bitget

Looks strong.

3. But supply tells a different story:

→ Only 24% circulating

→ ~90% held in 3 wallets (likely team-controlled)

→ Top 10 wallets = 98%+ concentration

This is extremely low float.

4. Critical event:

~10 hours before the pump

👉 18.58M tokens sent to Bitget

No public disclosure.

5. Then the cascade:

→ Price expansion

→ Open Interest > $200M

→ RSI > 95

→ Volume ≈ market cap

→ 74% traders short on Binance

→ $17M liquidated

Classic squeeze conditions.

6. Interpretation:

This wasn’t organic demand.

It was:

→ Low float amplification

→ Supply concentration

→ Pre-positioned liquidity

→ Short squeeze trigger

7. Risk most ignore:

→ 752M tokens still locked/unreleased

→ Multi-billion potential sell pressure

8. Final takeaway:

Price action ≠ opportunity

Wallet behavior = signal