Altcoin RAVE Experiences 250% Rally Following Exchange Listing

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Source: CryptoNewsNet Original Title: Donald Trump’s Son Shares an Altcoin – Price Experiences Major Rally Original Link: https://cryptonews.net/news/altcoins/32131545/ RAVE, a new altcoin added to a major exchange’s Alpha platform and distributed via airdrop, quickly became a hot topic in the market.

The token issued by RaveDAO experienced a remarkable rally after being listed on the platform, following a post by a prominent figure in the crypto space endorsing related projects.

According to market data, RAVE has seen a price increase of nearly 250% in the last 24 hours, bringing the total value of the airdrop to over $200. During the same period, on-chain transaction volume exceeded $60 million.

While FOMO (Fear of Missing Out) was noticeable within the community, there was a rapid increase in the number of token holders. However, the distribution appears to be quite dense; the top 10 wallets hold 92.63% of the total supply.

On the other hand, the collaboration between the DEX platform and the stablecoin project, along with positive statements from institutions, further increased RAVE’s visibility. The market activity was related to the listing of a Trump-linked stablecoin on the DEX in the RAVE pair.

RAVE-4,21%
TRUMP-1,6%
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