$RAVE A Real Time Lesson in Crypto Risk
๐ต RaveDAO markets itself as a music & Events platform linking culture with blockchain on-chain ticketing, crypto payments at live shows, revenuetied staking. cool (:
The concept is real.
By 2025, it was hosting events with 3,000+ attendees and claiming partnerships with Warner Music Group and Tomorrowland. Change NOW according to some crypto forums
But what happened next:
Roughly 90% of RAVE's supply is held across just three wallets a concentration that, combined with thin liquidity and a heavily shorted market, helped fuel a violent short squeeze raising serious concerns about speculative .
RAVE then crashed 90% in 24 hourz after Binance and B!tget opened investigationz into trading activity.
Over $5.7 billion in market cap was wiped out in 48 hours. according to some crypto forums
The takeaway:
Token concentration data is public. Always check it before entering any position. When 90% of supply sits in 3 wallets, price moves are not organic.
This is why onchain research matters more than social media posts.
#rave #RiskManagement #raveSHORT