Investment
Features
FeesSafety
Academy
More
Pluang+

RAVE token surges 10,000% in April, hitting $27.88 and entering crypto top 20 amid pump-and-dump concerns.

Market News
18 Apr 2026
Bitcoin
View Source
Bullish
pluang ai news

RAVE token from RaveDAO skyrocketed 10,000% since April 1, reaching an all-time high of $27.88 and a $6.6 billion market cap, entering the top 20 cryptocurrencies. This surge triggered a $19 million short squeeze, liquidating nearly 16,000 traders, mostly on Binance and Bitget. However, critics warn of a potential pump-and-dump scheme, noting that insiders hold 90% of the token supply and unusual token movements before the price spike. The token's extreme volatility and centralized control raise concerns about future stability and risks for retail investors.

More News (XMR)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App