The post RAVE Token Enters Top 20 After Staggering 10,000% Monthly Surge appeared on BitcoinEthereumNews.com.

Key Takeaways: RaveDAO’s RAVE token soared 10,000% since April 1, hitting a record $27.88 and a $6.6 billion market cap. Extreme volatility on Binance and Bitget wiped out 16,000 traders in a massive $19 million short squeeze. Concerns loom over RAVE’s future as critics warn of a “pump and dump” with insiders holding 90% of supply. Liquidation Chaos and the Short Squeeze Phenomenon The Web3 music protocol RaveDAO’s utility token continued its surge Saturday, jumping by nearly 50% in 24 hours to register a new all-time high of $27.88. As of 1:23 a.m. EDT on April 18, RAVE’s latest spike brought its weekly gains to more than 1,200% and more than 10,000% since April 1. Although the price later retreated to just under $27, the jump saw RAVE’s market capitalization rise to approximately $6.6 billion. In just a week, RAVE has moved from a micro-cap token to one of the 20 high-cap tokens tracked by Coingecko. Now ranked No. 19, RAVE has overtaken well-known tokens such as XMR, XLM, and ZEC, and appeared poised to glide past LINK at the time of writing. Rave’s price action also triggered just over $19 million in leveraged position liquidations, wiping out nearly 16,000 traders within 24 hours. Liquidated shorts accounted for nearly $17 million of those positions; the single largest liquidation during the period was $161,505. However, Rave’s astronomical rise continues to be dogged by controversy, particularly regarding the token’s distribution. With only 248 million tokens out of a maximum supply of 1 billion in circulation, some critics warn that the distribution structure points to future stability problems. At current prices, tokens not in circulation are valued at $19.44 billion, a nearly 100-fold increase from just over $195 million on April 1. In an April 13 post on X, Jeremy, an angel investor,…

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Filed under: News - @ April 18, 2026 12:26 pm