Crypto M - Crypto News

🚀 RAVE's Price Surge Raises Concerns Over Market Manipulation RAVE's recent spot price surged from $0.3 to $6.2, marking a 20-fold increase, sparking suspicions of contract manipulation within the community. According to ChainCatcher, this maneuver led to liquidations exceeding $37 million across the network, with short positions accounting for over $31 million. The project team is estimated to have profited more than $30 million. Community reports suggest that the RAVE project is managed by the former ARPA and Bella Protocol team, led by Felix Xu and Yemu. In 2021, Felix Xu raised a $20 million crypto fund, ZX Squared Capital, primarily focused on quantitative trading. The fund reportedly provided the capital for RAVE's market-making and price-pumping activities, allowing the project team to self-initiate, self-fund, and self-market, thereby minimizing trust issues and insider trading risks to maximize profits. #RAVE#Crypto#MarketManipulation#PriceSurge#Liquidation#Blockchain#Trading#CryptoFund#ARPA#BellaProtocol#BEL

🚀 Major BTC Long Position Liquidated on Hyperliquid Platform In the last 10 minutes, a significant BTC long position was liquidated on Hyperliquid, according to ChainCatcher. The position, held by the entity identified as 0x1e9, was closed at a price of $71,463, resulting in a substantial sell order. The position was initially opened today at 6 a.m. UTC+8, when BTC was trading above $72,000. It involved 247 BTC, equivalent to approximately $17.65 million. As the price declined, the holder opted for a rapid stop-loss exit, incurring a loss of about $180,000. #BTC#longposition#liquidation#Hyperliquid#ChainCatcher#cryptocurrency#BTCprice#stoploss#cryptotrading#loss

🚀 Cryptocurrency Market Experiences $232 Million Liquidation in 24 Hours The cryptocurrency market saw significant liquidations totaling $232 million over the past 24 hours. According to Foresight News, data from CoinAnk reveals that long positions accounted for approximately $144 million of the liquidations, while short positions amounted to around $88.17 million. Bitcoin liquidations reached about $68.95 million, and Ethereum liquidations were approximately $35.32 million. #cryptocurrency#market#liquidation#bitcoin#ethereum#ForesightNews#CoinAnk#BTC#ETH