RaveDAO’s vertical day surging 106% sits on top of a 95% crash scandal 🚨📈
RaveDAO (RAVE) has surged +106% in 24 hours to around $1.27 💹, with roughly $418 million in trading volume, a sharp momentum-driven move after a devastating −95% crash from about $26–$27 to nearly $1, wiping out close to $6 billion 💥 in market value
The rally shows classic late-stage behavior ⚠️: vertical price action, volume nearing or exceeding 100% of market cap, and likely extreme overbought signals with RSI in the 80–90+ range 🔥
Allegations by on-chain investigator ZachXBT 🕵️♂️ claim insiders controlled up to 95% of the 1 billion supply, pointing to a pump-and-dump setup
Exchanges like OKX pledged $25,000 for investigation 🔍
Despite the rebound, leverage-driven trading suggests a high probability of a pullback 📉
#RaveDAO #Memecoins__ #cryptooinsigts #PotentialCoin
