RAVE spot price surged sharply in the short term,疑似 through derivatives manipulation to liquidate positions

According to on-chain analyst Yujin’s monitoring, RAVE’s spot price surged from $0.3 to $6.2 this morning over the past three days—a roughly 20x increase. During this period, the RAVE team first transferred 30.58 million RAVE tokens (valued at approximately $42 million) to Bitget, attracting short-selling capital. Subsequently, within the past two days, they withdrew 31.94 million RAVE tokens from Bitget back onto-chain and sharply pumped RAVE’s spot price across exchanges including Bitget.