RAVE is the kind of move that makes traders forget to ask the first question: who actually controls the supply? When three wallets hold roughly 90% of the token, a 60x rally stops looking like broad market conviction and starts looking like a very thin float being pushed around.
That matters now because the price action is already extreme, and extreme usually means fragile. A move this fast can keep squeezing shorts and momentum chasers higher, but it can just as easily unwind hard if one of those large wallets starts distributing or if liquidity dries up.
The real tension here is not whether RAVE can keep running for another candle. It is whether the current market cap is being supported by organic demand or by a structure where a few holders can set the tone for everyone else. In that setup, every sharp green move can hide the same risk: one large transfer can flip the whole tape.
Market participants should closely observe on-chain moves from the top wallets, exchange inflows, and whether volume expands without price making significant progress. If RAVE continues to print highs on weakening volume, the rally could be getting overextended. If a big wallet sends a substantial amount to an exchange, that would signal that the market is no longer in control of the move.
