RAVE Surpasses $10, Becomes Top Liquidation in Nearly 12 Hours

BlockBeats News, April 13th, according to HTX data, RAVE surged above $10, with a 24-hour gain of 241.35%. The total value locked in RAVE contracts across the network liquidated $17.67 million within 12 hours, ranking first in the network.

Previously, according to EmberCN monitoring, the RAVE "whale" manipulated the spot price, then used contracts to harvest gains, and recently used on-chain activities to "confuse" users: over the past 3 days, they transferred 30.58 million RAVE to Bitget, worth $42 million, to attract short positions. Subsequently, in the last 2 days, they withdrew 31.94 million RAVE from Bitget back to on-chain wallets, while orchestrating a significant surge in RAVE's spot price on platforms like Bitget.