RAVE surged 232% in 24 hours, with the project's associated address depositing 18.58 million RAVE into the CEX in the early morning.

CoinFeed reported on April 10th that, according to on-chain analyst Ai Yi, RAVE has surged 232% in the past 24 hours, with large-scale token deposits from addresses associated with the project. Two addresses, suspected to belong to the same entity, deposited 18.58 million RAVE tokens into Bitget 10 hours ago (near the starting point of the RAVE price surge), worth $8 million. At that time, the price was only $0.43 (currently $1.027), and it has now appreciated to $19.08 million. The funds from the two addresses originated from two sources: withdrawals from Bitget and transfers from RAVE token deployment addresses.