3 hours ago, the $Rave worth 23M went through two rounds and finally completed the last dump on Bitget, causing the coin price to drop directly from 1+ to 0.54, giving the bottom-fishing gamblers a heavy blow.
While others have already finished their celebration banquet, what are you still expecting? 🤣🤣
The night before yesterday, @RaveDAO held a super lively party in Hong Kong, and it is said that tickets were hard to come by. Yesterday, the official Twitter even posted a tweet showcasing the party scene along with images of the guests having a great time, but less than an hour later, it was deleted.
Perhaps they also felt a bit embarrassed to post this while the price dropped from 25 dollars to just over 1 dollar in a waterfall. 😂😂
$RAVE dropped from 25 dollars to 0.6 dollars in 24 hours, with a market cap falling from 2.6 billion to 160 million. To say it's all due to @zachxbt's power might not be entirely true; it is also somewhat a sign that the feast is coming to an end.
Since someone has stepped up to burst the bubble, ending it directly is also a good strategy, at least someone is sharing the firepower, unlike Pippin and Aria who can only bear the burden of the market makers.
Personally, I do not wish to see the MM bull market completely cool down. Still, as I said: some gray and ambiguous Web3 plays coming out when the market lacks hotspots is not entirely a bad thing. As long as everyone plays within a certain range tacitly, does it have to be blown out of proportion to the point where CEX can't manage it?
Moderation is key.
While others have already finished their celebration banquet, what are you still expecting? 🤣🤣
The night before yesterday, @RaveDAO held a super lively party in Hong Kong, and it is said that tickets were hard to come by. Yesterday, the official Twitter even posted a tweet showcasing the party scene along with images of the guests having a great time, but less than an hour later, it was deleted.
Perhaps they also felt a bit embarrassed to post this while the price dropped from 25 dollars to just over 1 dollar in a waterfall. 😂😂
$RAVE dropped from 25 dollars to 0.6 dollars in 24 hours, with a market cap falling from 2.6 billion to 160 million. To say it's all due to @zachxbt's power might not be entirely true; it is also somewhat a sign that the feast is coming to an end.
Since someone has stepped up to burst the bubble, ending it directly is also a good strategy, at least someone is sharing the firepower, unlike Pippin and Aria who can only bear the burden of the market makers.
Personally, I do not wish to see the MM bull market completely cool down. Still, as I said: some gray and ambiguous Web3 plays coming out when the market lacks hotspots is not entirely a bad thing. As long as everyone plays within a certain range tacitly, does it have to be blown out of proportion to the point where CEX can't manage it?
Moderation is key.