$RAVE Massive Crash – What Just Happened?
From ~$0.25 to $27+ ATH in days (6000%+ pump) → now down 95%+ in 24h, trading around $1.10 – $1.33.
Why the violent drop?
Pure hype + short squeeze + heavy leverage
ZachXBT accused insiders of controlling >90% supply and running a pump-and-dump
Allegations point to coordinated activity on Binance, Bitget & Gate
Only ~25% supply circulating → more unlock pressure expected
On-chain activity low, team relatively anonymous, fundamentals still early (music events + NFT tickets)
Extreme volatility right now. Investigations ongoing.
High-risk play. DYOR and manage risk carefully — this one can move fast in both directions.
What’s your take on $RAVE? Hold, buy the dip, or stay away?