2026-04-13 02:02:23
RAVE spot price surged 20x to $6.2 within three days, allegedly by farming through contract operations
Gate News message, on April 13, on-chain analyst Yu Jin’s monitoring shows that RAVE’s spot price surged from $0.3 to $6.2 this morning over the past three days, achieving an increase of about 20x. During this period, the RAVE team first transferred 30.58 million RAVE tokens (worth about 19283746565.75T) to a certain CEX to attract funds to short. Then, within nearly two days, they withdrew 31.94 million RAVE tokens from that exchange back onto the chain, and on a certain CEX and other trading platforms, significantly boosted RAVE’s spot price.