RAVE spot price surges sharply in a short period, suspected profit-taking through contract operations
ChainCatcher reports, according to on-chain analyst Yujin’s monitoring, RAVE’s spot price surged from $0.3 to $6.2 in the past three days, achieving an approximately 20-fold increase. During this period, the RAVE team first transferred 30.58 million RAVE (worth about $42 million) to Bitget, attracting capital to short the token.
Subsequently, in the past two days, they withdrew another 31.94 million RAVE from Bitget back to on-chain accounts, and significantly pushed up the spot price of RAVE on Bitget and other trading platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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