RAVE is the new token of RaveDAO launched on Binance Alpha on 12/12 and immediately exploded: the airdrop is worth over 200 USD, the token price increased nearly 400% in 24 hours, and the total on-chain value exceeded 60 million USD. The surge was amplified by retweets from Donald Trump Jr. and many KOLs, along with positive statements from Aster and Binance Labs.

Some whales and new wallets have withdrawn large amounts of USDT from centralized exchanges like Bybit to accumulate RAVE, leading to individual trading profits of up to ~470,000 USD. FOMO sentiment is rising sharply, the number of holders is increasing rapidly, but the concentration is high as the top 10 wallets hold 92.63%.

Trading perspective: RAVE is currently trend-driven and short-term — new listings or contracts (derivatives) may continue to trigger upward waves during the day; conversely, reduced volume or net withdrawals by large investors will undermine the momentum. For example, a trader (BTC_Alert_) reported buying at 160 million right when it opened, expecting many exchanges to list more and will take profits if the volume is not maintained or whales withdraw.