RAVE has surged several thousand percent in seven days, driving frenzied trading activity and large liquidations, second only to industry leaders bitcoin and ether. RaveDAO’s RAVE token is the third-largest cryptocurrency by futures liquidations after bitcoin and ether. Exchanges have liquidated about $43 million of RAVE futures in the past 24 hours, mostly short positions, in what appears to be a short squeeze fueled by large token transfers to and from exchanges. Nearly 90% of RAVE’s supply i…
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