TechFlow News: According to on-chain analyst Yujin’s monitoring, RAVE’s spot price surged from $0.3 to $6.2 this morning over the past three days—a roughly 20-fold increase. During this period, the RAVE team first transferred 30.58 million RAVE tokens (valued at approximately $42 million) to Bitget, luring capital into short positions. Subsequently, within the past two days, they withdrew 31.94 million RAVE tokens from Bitget back onto the blockchain and significantly pumped RAVE’s spot price across exchanges including Bitget.
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