PANews reported on April 13th that, according to on-chain analyst Yu Jin, RAVE's price surged from $0.3 to $6.2 in the past three days, a 20-fold increase. It is suspected that a RAVE "market manipulator" address controlled the spot price and then used contracts to profit from it. Over the past three days, they first transferred 30.58 million RAVE (US$42 million) to Bitget to attract funds for short selling; then, in the past two days, they withdrew 31.94 million RAVE from Bitget back to the blockchain, simultaneously driving up the RAVE spot price on platforms like Bitget.