RAVE drops below $14, triggering $28.67M in liquidations

Ravedao (RAVE), which rallied over 6,000% in the past seven days, has seen a sharp decline after reaching a high of $18.56 around 1:00 a.m. UTC on April 15. The token is currently trading at $13.91 on the Binance USDT perpetual futures market, a drop of approximately 25% from its peak. Over the past 24 hours, RAVE futures have seen about $28.67 million in total liquidations. This figure comprises $7.25 million in long positions and $21.42 million in short positions.