Two wallets accumulated RAVE for months before 1800% surge, sparking insider trading fears

Two wallets spent months accumulating Ravedao (RAVE) at prices under $0.5 before the token's 1,800% surge over the past week, according to Jeremy, co-founder and investor at the Solana-based decentralized perpetuals exchange Glyde. In a post on X, Jeremy noted that two separate wallets quietly amassed 10 million RAVE tokens each over several months and then deposited them into the Bitget exchange at nearly the same time as the price peaked. He pointed out that the timing was exquisite, regardless of whether it constituted insider trading. Jeremy added that this situation could create a "once-in-a-lifetime" shorting opportunity in the coming days. This follows a previous warning from on-chain analyst EmberCN, who highlighted a pattern on RAVE where spot market prices were allegedly being controlled to trigger liquidations of retail investors in the futures market.