X @Wu Blockchain

According to an analysis by the Evening Trader Group, RAVE's surge from $0.30 to $10 in just three days was a classic market manipulation operation. However, the real profits were not generated through simply pumping the price, but rather by liquidating the massive short positions that had been lured into the market.The entity behind the operation first transferred 30.58 million USD worth of RAVE to Bitget, creating the illusion that a major sell-off was imminent. This successfully induced a large number of ...