Analysis of $RAVE ’s Trading Manipulation Strategy

First, the market maker controls over 97% of the spot supply, then continuously drives up the price.
By creating a hype atmosphere—because everyone knows this junk coin will eventually go to zero—many retail investors flood into the futures market to short, becoming the market maker’s counterparty.
The more the market maker pushes the price higher, the more fools join the short side to bet against the market maker.
In this way, the market maker can easily push the price up by 100 times. More importantly, during the pump, the market maker, as the long side, can continuously collect funding fees—up to 2% of the principal per hour. Over a day, it could swallow 48% of the shorts’ principal. The larger the short positions, the more funding fees are paid each hour.
This steady stream of income lets the market maker keep refilling their ammunition and continue betting against the shorts.
This is a losing game from the very beginning. Without funding fees, both longs and shorts can still compete based on capital strength. As the price rises, short capital will be gradually squeezed out and ultimately collapse. But with funding fees, the market maker can continuously extract money from the shorts. The higher the price is pushed, the more shorts it attracts—among them, not a few are new to cryptocurrencies. These newcomers are extremely afraid of missing out (FOMO). Even if they hold up to hundreds of millions of dollars, it’s hard to make up the losses; they may even end up being liquidated and wiped out to zero in one go.
The abnormal volatility of a 100x price increase is designed to lure people into depositing funds. This isn’t gambling—it’s fraud—no different from telecom scams: pump the price, induce people to short, and then roll away their money. Your money isn’t “lost” to them; it’s stolen.
The essence of this entire system is to lure you into putting your money into it. Once liquidity is sufficient, the market maker can draw a clear line, run off with the funds, and disappear. From start to finish, only the exchange can control all of this—any other link in the chain is powerless.$BTC