Beware of Rave DAO's 4000% Token Rally in 7 Days, Project Insiders Hold 80% of Uncirculated Supply

Data shared by analysts suggests insiders still hold a multiple of the circulating supply, meaning the market float remains extremely thin relative to the total token supply. That creates a situation where price can move fast in both directions, but also increases the risk of heavy future sell pressure.

There are also claims that the entire rally followed a familiar pattern: build short pressure, trigger liquidations, and then rotate liquidity during peak demand. Whether intentional or not, the result was the same: a violent move upward followed by growing skepticism.