$RAVE Recovery Still on the Table?
RAVE has already gone through its initial hype phase and the long correction that followed. But that doesn't necessarily mean the story is over.
We've seen similar patterns before. Some tokens like $BEAT and $PIPPIN recovered and went on to make new highs, while others managed only a short-lived bounce.
The difference usually comes down to supply.
Right now, Bitget-related wallets and fresh wallet clusters are still holding 48.04M RAVE, worth around $14.73M roughly 20% of the circulating supply.
More importantly, there hasn't been any significant exchange inflow from these holdings.
As long as these wallets continue to hold and supply stays off the market, RAVE still has a solid chance of another recovery leg.
#Ravencoin
RAVE has already gone through its initial hype phase and the long correction that followed. But that doesn't necessarily mean the story is over.
We've seen similar patterns before. Some tokens like $BEAT and $PIPPIN recovered and went on to make new highs, while others managed only a short-lived bounce.
The difference usually comes down to supply.
Right now, Bitget-related wallets and fresh wallet clusters are still holding 48.04M RAVE, worth around $14.73M roughly 20% of the circulating supply.
More importantly, there hasn't been any significant exchange inflow from these holdings.
As long as these wallets continue to hold and supply stays off the market, RAVE still has a solid chance of another recovery leg.
#Ravencoin