#FF@schmosby_xbt
Been following schmosby for years now, consistently one of the best traders on here and severely underfollowed.
I did a stream with him last year as well, check it out if you wanna get to know him better <3
https://t.co/aigqKlp1Mn
If you're wondering why crypto is being left behind while the stock market takes off, look no further than the "everything is a meme" crowd.
That type of thinking, which birthed ideas like ultra sound money, memecoins, DATs, etc... is why we're lagging.
It's not because the regulators are out to get us, or because crypto has an access problem, it's because the value prop of most crypto assets is not as good as other sectors.
We must, we MUST accept that crypto assets are subject to the same rules of gravity as every other asset on earth.
They will have to compete in the same arena as other industries like robotics, AI, etc... for capital.
We should accept that 99% of crypto assets will be valued on cash flows and dedicate all of our efforts to making those cash flows as high as possible.
Just look at which coins are outperforming today, tells you everything you need to know.
A summary of the RAVE -95% price fluctuation from $26 to $1 over the past 24 hours.
RAVE Timeline: April 18, 2026
7:26 am UTC: I posted a call to action for Binance, Bitget, & Gate to investigate RAVE market manipulation and offered a $10K bounty.
10:56 am UTC: I posted an update increasing the bounty to $25K.
11:18 am UTC: Bitget publicly acknowledged the call to action.
2:08 pm UTC: Binance publicly acknowledged the call to action.
3:06 pm UTC: RaveDAO posted claiming they have no involvement.
4:19 pm UTC: Gate publicly acknowledged the call to action.
In the days leading up, on April 13 & 14, I confronted RaveDAO co-founder Yemu Xu (wildwoomoo) but have yet to receive an answer.
RAVE launched in Dec 2025 on Binance Alpha with a 1B total supply. The addresses below, linked to the initial distribution, control ~95% of the RAVE supply (h/t Mlm):
0x9831156F1a6E506Fca41503590b42F07c2e80f54
0x8Ed6245C3276307E1A9D9Dc872E98A0E770070fd
0x6020656d1EF182173E45D4Fc375BDD5a48c674B0
0x2664cB80a5ee7D8EC05fe7C752dD62E078056E6d
0x2D81F8AeBf3e58A5e638006c9fd8F38C5220ecab
0x31694d761A8e851cFFbCd286aC54D01e5Ce5aFe6
0x0A1F07993a51CcEb4f52CA67765AECeADDA790d7
0xEB74Df8588cFC1C179Df4bd96C0bB8B227B9bE92
0x53d7d52301366DC14E1916b14eFeC1aDD8F3487b
I found suspicious CEX activity in April 2026 tied to RaveDAO team addresses onchain, which potentially contradicts their recent statement:
Bitget
0x2dc20f2180582172f5450c5d71e23fa438a7031b
0xa3a02aeb97fc1737c66f50d07d024799c137891d
0x2d95eb42525e6087e0cb7869f98da6838ed2e743
Gate
0x31711246b05d71e9eda5e38a3abb654020ee3353
Given the supply concentration, the team at minimum knows who is responsible for this price action.
A simple litmus test: $6B in market cap was wiped out on just $52M of 24hr liquidations (h/t CoinGlass). That ratio points to a manipulated and unsustainable valuation.
RAVE is not the only token with manipulation we have seen on major centralized exchanges. It's just the most blatant, reaching a top 15 market cap within 10 days before dropping 95% in hours.
Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.
Exchanges need faster intervention on manipulation. Detection at scale isn't easy, but each day of delay means retail traders absorb losses while platforms collect fees on the volume. The outcome is the same regardless of intent.
While it's good the exchanges responded, I find it unlikely this activity wasn't spotted internally before I raised it publicly.
I recognize how much this behavior takes from retail traders, and I plan to investigate similar movements in hopes of identifying the responsible parties.
I want to reiterate that I did not take a position. If I had, I would have been liquidated myself. I also could not anticipate if or when the exchanges would comment publicly.
My $25K bounty will remain active since the only DMs received were unverified claims rather than non-public information with supporting evidence as requested.
Knowing brainrot is corrosive doesn’t make you immune. I’m far from perfectly managing this though. That being said, I think constant awareness helps. Treating your attention as something with integrity worth protecting.
E.g. refusing the For You Page, which is designed to bypass your judgment entirely, and instead curating who you follow with intention, basically asking yourself, before anything enters your mind: did I choose this, or was it chosen for me?
Make the friction work for you instead of against you. The algorithm is engineered to reduce friction to zero, any small barrier you reintroduce is a win. Make consumption active, not passive.
You need to be positivity echo chamber maxing
Mute politics, mute intellectuals, mute war updates
It’s all useless anyway, literally 0 benefit to getting any of the war updates yet they cause infinite loss to ur brain
We've now spent 32 days under the 200 daily moving average without a single retest.
Last time we spent this many days under the 200DMA without a retest was back in February 2022.
We've now spent 32 days under the 200 daily moving average without a single retest.
Last time we spent this many days under the 200DMA without a retest was back in February 2022.