The "Rug Pull" altcoin RAVE surged over 10x in the past 4 days, with a certain address holding over $50 million in unrealized gains

BlockBeats News, April 12th, according to HTX market data, the price of RAVE, one of the "pump-and-dump" meme coins, has surged by 56% in the past 24 hours, now trading at $2.78, reaching as high as $3.17 at one point. Since April 8th, it has skyrocketed more than 10 times from $0.26.

According to on-chain analyst Auntie Ai (@ai_9684xtpa), it has been observed that in the past two days, a cumulative total of 31.93 million RAVE tokens have been withdrawn from the Bitget exchange's multisig address 0x0A1...790d7. The asset value has surged from $37.54 million to $89.1 million, an increase of approximately $50 million in two days. On April 8th, these tokens were only worth $8.52 million.