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Don’t be fooled by $RAVE this 41% rebound. I’ve reviewed nearly 200 on-chain transfers, and this move is nothing more than a pump-and-dump to sell at a higher price.
The nine manipulation addresses exposed by ZachXBT, in the past 24 hours, did 18 transfers, sending 18 million tokens to exchanges—everything broken into small retail-level orders, just so they can avoid leaving traces of distribution that on-chain monitoring might catch. Their costs are so low you can’t even imagine—almost zero. At the current price of 1.46, when they smash it down to 0.5, they still make a profit.
The total buy orders on the order book add up to only a bit under 100k U. One sell order of 500k can directly push the price through 30%—there’s basically no real buy-side backing funds. On the derivatives side, the pumpers’ positions haven’t even kept up; all of it is fake “hot” activity manufactured through self-trading.
In the short term, it will hover between 1.4 and 1.7 for a couple of days, giving you the illusion of an “oversold rebound.” Once the bag-holders are lined up, within 48 hours it will fall below the 1.0 support; within a week it will drop back to below 0.6; and in the end it will be dragged back to the 0.45 breakout starting point. This wave already has no one left propping it up—don’t be the last bagholder.