I traced $RAVE onchain — the float, the hub wallet, the same deployer. Built on Dune. I'm still learning onchain analysis, so any feedback is very welcome 🙏
[Looking back at $RAVE ]
I'm trying to get used to onchain analysis, and I picked the $RAVE case to practice.
$RAVE went up about 10,000% to $27, then fell about 95%. Around $6B was lost. @zachxbt pointed this out. I tried to check it myself with onchain data.
Here is what I found!
#onchain #memecoin
why did $RAVE rise so much?
A small float alone doesn't explain a 10,000% candle. The rise looks like a short squeeze: shorts piled in (OI up), then got liquidated as price climbed - ~$43M in a day, and that forced buying pushed it higher.
It also hints at the top: a squeeze runs on shorts getting liquidated. Once OI drops and the shorts are used up, the forced buying stops - and that's roughly when it fell.
(OI/funding are CEX data, not onchain — flagging, not measured.)
RAVE isn't unique. A few other low-float tokens, like $SIREN and $LAB, moved in a similar way.
Dashboard on @Dune : RAVE Pump & Dump - onchain analysis
[Looking back at $RAVE ]
I'm trying to get used to onchain analysis, and I picked the $RAVE case to practice.
$RAVE went up about 10,000% to $27, then fell about 95%. Around $6B was lost. @zachxbt pointed this out. I tried to check it myself with onchain data.
Here is what I found!
#onchain #memecoin
Some of it also moved through a hub wallet first.
0xd7edc received $RAVE from one of those Safes (0x8Ed6) and from minting(not bought), then passed it to the seller wallets. Before each big transfer it sent a small 10-token test. Then I checked the two Safes themselves. They have different addresses, but I could find that the same wallet created both of them (0x2664cB80).
(I left out https://t.co/DgIKTKDZE9 and Bitget here, because those are exchanges, not insiders.)
국내 주요 은행·카드사 크립토 온보딩 사실상 완료됨 🇰🇷
우리 → @moonpay
신한 → @solana
농협 → @avax
KB·토스·삼성 → @circle
현대카드 → @dsrvlabs
케이뱅크 → @Ripple
각자 파트너만 다를 뿐, 방향은 하나로 수렴하고 있음. 스테이블코인 발행 → 카드 결제 연동 → 실물 경제 침투. 이 사이클이 이미 조용히 돌아가는 중.
재밌는 건 이게 실험이 아니라는 거임. 은행권이 움직였다는 건 리스크 계산이 끝났다는 얘기고, 이제 남은 건 규제 프레임이 어떻게 잡히느냐임.
국회랑 금융당국이 브레이크 밟으면 글로벌 경쟁에서 뒤처지고, 열어주면 기존 금융 질서랑 충돌 불가피. 어느 쪽이든 결정을 피할 수 없는 시점이 왔음.
근데 진짜 궁금한 건
은행들이 각기 다른 체인·파트너를 택한 게 전략적 분산인지, 아니면 그냥 각자도생인지. 결국 하나로 표준화될까, 아니면 파편화된 채로 굳어질까?
그리고 입법이 늦어질수록 누가 가장 유리해지는 건지.
크립토가 엣지 자산에서 인프라로 넘어가는 변곡점, 한국이 그 한가운데 있음.
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> Delusional Optimist
> Looking to grow
> Understands CT
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my favorite way to use Claude Code to build large features is spec based
start with a minimal spec or prompt and ask Claude to interview you using the AskUserQuestionTool
then make a new session to execute the spec