Brothers, today don't talk about Bitcoin, just show me RAVE.

This thing is crazy. It just hit a new all-time high of $19 this morning, up 140% in 24 hours, with contracts liquidating over 29 million, ranking third on the entire network, only behind Bitcoin and Ethereum. The key point is, this thing has risen over 7000% from the low point of $0.2 on March 12, in just over a month.

Here's what happened:

First, this is a textbook-level short squeeze. In the past two days, it shot straight from $7 to $18 in a single spike, a 157% fluctuation, completely blowing up the shorts. In the past 24 hours alone, shorts liquidated over 24 million, piling up like mountains. The price increase was driven entirely by passive short covering, not genuine buy orders with real money.

Second, and the biggest trap — all the chips are in the hands of the whales. The top 10 addresses hold 98% of the supply, and the total supply is 1 billion tokens, with only 248 million in circulation. The rest is locked and unreleased. What does this mean? The whales can pump or dump at will, and you have no chance to escape if they decide to crash the price. The Fully Diluted Market Cap has already exceeded 16 billion USD, four times the current market cap. Once this dam breaks, the scene will be too spectacular to watch.
I’ve taken a hit on this coin, but I’ll help you recover.