RAVE Crashes From $27 ATH to Near $11 After Violent Reversal
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RAVE token plunged from an intraday ATH near $27.94 to about $11, wiping out most gains; CoinGlass shows market cap fell to ~$2.82B from >$6B (briefly near $7B). Analysts flagged a suspected "crime pump" and alleged the team holds large supply, pointing to possible market manipulation and severe volatility in this crypto token. Technical damage: weekly candlestick shows a large upper wick after a violent reversal, signaling weak price structure and elevated trading risk for DeFi/token investors.
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- Analyst Hrithik said RAVE “continues to crime pump” before later posting that it had crashed from $25 to $11.
- Analyst Nebraskangooner highlighted the weekly candlestick after the reversal, noting the size of the upper wick.
- CoinGlass data shows market cap falling to about $2.82 billion after earlier trading above $6 billion and briefly near $7 billion.
RAVE surged hard before crashing within hours, wiping out a large part of the day’s gains and leaving behind a deeply damaged chart. On X, analyst Hrithik first warned that “$RAVE continues to crime pump” and added that he had “seen this movie many times: the team holds all of it; they crime it to hell.” At that stage, his chart showed RAVE near $23.40, up 24.9% on the day.
Later, Hrithikk posted a second update saying, “$RAVE just crashed from $25 to $11.” That warning aligned with the intraday break…
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