RAVE (RaveDAO) increased by 28.07% in the past 24 hours

Gate News Bot Message, December 18th, according to CoinMarketCap data, as of press time, RAVE (RaveDAO) is trading at $0.39, up 28.07% in the past 24 hours, with a high of $0.64 and a low of $0.14. The 24-hour trading volume reached $621 million. The current market capitalization is approximately $89.8 million, an increase of $19.7 million from yesterday.

RaveDAO is a global movement composed of music enthusiasts, serial entrepreneurs, builders, and early adopters in the crypto space, dedicated to bringing millions of electronic dance music fans into the crypto ecosystem. The project was launched in November 2023 as a 200-person party during a crypto conference and has grown into large-scale events attracting an average of 3,000 participants. Each participant receives a participation proof NFT, and 20% of event proceeds are donated to charities chosen by the community. By combining music, ownership, charity, and DAO governance, RaveDAO aims to bring more peace, love, unity, and respect to the world while enjoying entertainment.

Important recent news about RAVE:

1️⃣ Trading pair expansion and diversified trading functions drive liquidity growth

The Gate platform has launched RAVE perpetual contract trading, flash swap trading, and Gate Perp DEX trading, supporting 1-20x leverage and one-click exchange of over 2,200 crypto assets. The introduction of diversified trading pairs significantly expands market participation channels, reduces trading costs, and enhances capital liquidity. Additionally, Aster Rocket Launch has exclusively launched the RAVE/USD1 trading pair and set up a $200,000 ASTER reward, further enriching the trading ecosystem and providing infrastructure support for token price appreciation.

2️⃣ Large institutional buy-ins and on-chain whale activity send positive signals

Recently, multiple large buy transactions have appeared on-chain. One whale address purchased 1.65 million RAVE tokens with 539.6 BNB (about $47,600), with unrealized gains of $950,000; two newly created wallets withdrew 300,000 USDT from exchanges specifically to buy RAVE; early traders bought 553,000 RAVE at a cost of $0.22 and later sold all at $0.4, making a profit of $100,000. These large transactions indicate increased recognition of the project’s prospects by institutional investors, while early investors taking profits also reflect rising market enthusiasm, boosting both token liquidity and attention.

3️⃣ Airdrop mechanism clarified and community incentive plans implemented

RaveDAO announced an airdrop plan for Genesis founding members, with a redemption ratio of 1 RAVE Point = 2 RAVE, and established three phased wallet submission windows from December 10 to January 11, 2026. The community airdrop covers all participants in activities during 2024-2025, with the Genesis Rewards lottery pool including points, ticket sets, and lifetime VIP status. This series of clear incentive mechanisms strengthens community cohesion and provides fundamental support for the token, with the specific implementation of the incentive mechanism helping to stabilize market expectations and attract more community participants.

This message is not investment advice; please be aware of market volatility risks.