Let’s try to visualize the concept. Consider a party where only 3-4 people have 90% of the speakers. These individuals choose the music, set the volume, and can turn it off at any moment.

In other words, “few wallets hold 90% of RAVE” implies a significant concentration of tokens in the hands of a handful of participants who decide the conditions for token circulation. Therefore, the price increase of $RAVE by 60x may indicate that such a growth isn't related to market demand but is driven by the actions of major holders. They are buying, selling, or restricting tokens to influence price movements positively.

What makes it a risky position?

Price control: If big holders don’t sell, making supply look scarce. This, in turn, shoots the prices up.

Sudden dumps: Now, if these holders sell even a small portion, the price can crash fast.

Fake hype cycles: This rally can really look organic; however, it can also be orchestrated to benefit a handful of big holders.

If we compare it to moves of $BTC and $ETH that have multiple investors owning a tiny number of tokens each. So, no single group can easily control their entire market. That’s why their moves feel slower but more “real.”

So should you trust the 60x rally? Well, while the rally isn’t a scam per se, its nature makes it rather unreliable.

Its likeyou’re not just betting on the project… You’re betting that the top holders won’t pull the plug while you’re still dancing.