The surging altcoin RAVE has soared more than 10 times in eight days, with one address having an unrealized profit of over $50 million.
BlockBeats News, April 12, according to market information from a certain exchange, RAVE, one of the popular altcoins, has increased by 56% in the past 24 hours, currently trading at $2.78, briefly reaching $3.17. Since April 8, it has surged from $0.26, a more than tenfold increase.
According to on-chain analyst Ai Yi (@ai_9684xtpa), in the past two days, a multisig address 0x0A1...790d7 has withdrawn a total of 31.93 million RAVE from Bitget. The asset value has soared from $37.54 million to $89.10 million in two days, an increase of about $50 million. On April 8, this portion of tokens was worth only $8.52 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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