Post
EyeOnChain
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Bearish$RAVE at this point it’s not subtle anymore. one of the key wallets tied to #RAVE activity just sent another 20M tokens (~$10.67M) to Bitget in the past hour, and across today alone, it’s already moved 42.99M RAVE (~$34.97M) onto CEXs.
that kind of flow isn’t “testing liquidity”....it’s distribution in size.
the pattern is pretty clear now: large chunks moving from controlled wallets → exchanges, repeated deposits throughout the day, price already reacting lower. when supply starts hitting exchanges like this, it usually means: either active selling is happening or the market is pricing in that it’s about to happen and given how concentrated RAVE supply has been, these wallets basically set the tone. once they flip from accumulation to distribution, the entire structure shifts.
so yup, this isn’t noise anymore, it’s a coordinated unwind phase starting to play out.
address: 0xe077490Da8D210a155Ea391312a964ca4d4B690b
{alpha}(560x97693439ea2f0ecdeb9135881e49f354656a911c)
{future}(RAVEUSDT)
that kind of flow isn’t “testing liquidity”....it’s distribution in size.
the pattern is pretty clear now: large chunks moving from controlled wallets → exchanges, repeated deposits throughout the day, price already reacting lower. when supply starts hitting exchanges like this, it usually means: either active selling is happening or the market is pricing in that it’s about to happen and given how concentrated RAVE supply has been, these wallets basically set the tone. once they flip from accumulation to distribution, the entire structure shifts.
so yup, this isn’t noise anymore, it’s a coordinated unwind phase starting to play out.
address: 0xe077490Da8D210a155Ea391312a964ca4d4B690b
{alpha}(560x97693439ea2f0ecdeb9135881e49f354656a911c)
{future}(RAVEUSDT)
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