According to WuTalk, analysis from Evening Trader Group reveals that RAVE's surge from $0.3 to $10 in just three days was a textbook example of market manipulation. However, the real profits weren’t made from pumping the price, but rather from liquidating short positions during the price spike. The entity behind this first transferred $30.58M worth of RAVE to Bitget, creating the illusion of an imminent dump, successfully luring a large number of traders into short positions. Over the next two days, approximately $32M worth of RAVE was withdrawn back on-chain, while the spot price was aggressively pumped, causing all the trapped shorts to get liquidated. https://(wublock123.com)/news/evening-trader-group-rave-pump-0-3-to-10-market-manipulation-59468