RaveDAOโs vertical day surging 106% sits on top of a 95% crash scandal ๐จ๐
RaveDAO (RAVE) has surged +106% in 24 hours to around $1.27 ๐น, with roughly $418 million in trading volume, a sharp momentum-driven move after a devastating โ95% crash from about $26โ$27 to nearly $1, wiping out close to $6 billion ๐ฅ in market value
The rally shows classic late-stage behavior โ ๏ธ: vertical price action, volume nearing or exceeding 100% of market cap, and likely extreme overbought signals with RSI in the 80โ90+ range ๐ฅ
Allegations by on-chain investigator ZachXBT ๐ต๏ธโโ๏ธ 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 ๐
Despite the rebound, leverage-driven trading suggests a high probability of a pullback ๐
#RaveDAO #Memecoins__ #cryptooinsigts #PotentialCoin $RAVE