RAVE spot price surged 20x to $6.2 within three days, allegedly by farming through contract operations

GateNews

2026-04-13 02:02:23

RAVE218,73%

Gate News message, April 13, on-chain analyst Yu Jin monitoring shows that RAVE’s spot price has surged from $0.3 to $6.2 this morning over the past three days, representing an increase of about 20x. During this period, the RAVE team first transferred 30.58 million RAVE (worth about 19283746565.75T) to a certain CEX to attract funds to short. Then, within nearly two days, it also withdrew 31.94 million RAVE from that exchange back onto the chain, and sharply pushed up RAVE spot prices on a certain CEX and other trading platforms.

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