$RAVE . +10,000% in 9 days. -96% in 1 day. Classic.
Remember, I wrote about RAVE a week ago? There was a paragraph:
"1 Gnosis Safe holds ~76% supply. The team's wallets deposited $8M on Bitget without announcements. The top-10 addresses control >98%."
Well, here it is. Everything happened.
The scheme was as old as the world:
🟢 Artificially low float → price easily accelerates
🟢 Hype through CZ, Trump Jr., "Web3 music revolution"
🟢 Sold out the event in Hong Kong — a beautiful narrative
🟢 Short squeeze through OI $250M — fuel for the rocket
🔴 Insiders sold at the peak. $6.3 billion wiped out in a day.
The most painful part — there was a real business there. Revenue, events, tokenomics with burn. But when 76% supply is in one hand — it's not a project, it's a wallet with a beautiful website.
On-chain everything showed in advance. For free. In open access.
The market does not punish the greedy. It punishes those who do not read the data.
DYOR — not just a disclaimer. It's literally a survival guide. 🫡
$RAVE #crypto #Rug #dyor #Onchain
#pumpNdump