RAVE continues rising to surpass $19 and reaches a new all-time high, ranking third in total contract liquidations across the network in the past 24 hours.

BlockBeats News, on April 15, according to data from a certain exchange, RAVE surged past $19, currently reported at $19.2, with a 24-hour increase of 135.1%, reaching a new all-time high. RAVE contract trading across the whole network saw $29.16 million in 24-hour liquidations, ranking third in total liquidation volume, following only Bitcoin and Ethereum. Of this, long positions reported $5.16 million in liquidations, and short positions reported $23.99 million.

Previously, according to monitoring by EmberCN, the RAVE "whale" controlled spot prices and then used contracts to take profits, and recently confused users through on-chain activities: In the past 3 days, they first transferred 30.58 million RAVE worth $42 million to Bitget, attracting funds to go short. Then, in the past 2 days, they withdrew 31.94 million RAVE from Bitget back on-chain, while simultaneously driving up the RAVE spot price on platforms such as Bitget.