The RAVE token's on-chain data is all out in the open, with the top 5 addresses holding a solid 97% of the chips. This is clearly a one-man show by the whale, with all the chips in their pocket. Pumping the price is as easy as stepping with the left foot and then the right, and they can push it wherever they want.

And it's obvious to everyone that the whale has been aggressively targeting the shorts these past few days, especially those big short whales.

The hourly perpetual contract funding rate has already soared to -0.7%, what does this indicate? It shows that out of 100 people betting on the price falling, 99 are shorting, but the whale is controlling the market tightly, pushing the price from a few cents all the way up to over 10 dollars.

Anyway, this coin is completely in the whale's hands now; they can pump it whenever they want. Given this momentum, hitting 20 dollars tomorrow isn't impossible. Back in the day, TRB was the same way—more shorts meant more enthusiasm from the whale, pushing the price higher and higher.

I see quite a few short sellers still holding on and stuck, better cut your losses quickly. In the whale's eyes, you're no match—just fuel for their pump. #Gate13周年Dr.Han公开信 $RAVE