The logic behind RAVE's rise—see how you're losing money?

RAVE's way of harvesting retail investors is to first control over 97% of the spot holdings, then keep pushing the price higher to create hype, because everyone knows this kind of altcoin is air, and it will definitely go to zero in the future. So everyone enters into contracts to short, opposing the market maker, who pushes the price higher and higher. The higher the market maker pushes, the more retail investors come in to short and oppose, so the market maker keeps raising the price by 100 times, but most people don’t make money from the rise.

It's not that they can't handle the pressure, but that there's simply no way to win. Because the market maker can continuously collect funding fees when going long, and with spot holdings in their hands, they can set any price they want. They can collect up to 2% of your principal per hour, and even sideways trading for a day can eat up 48% of your principal. The larger your short position, the more funding the other side receives per hour. This way, the market maker can keep replenishing their chips and continue opposing you. This cycle is fundamentally unwinnable—you can only admit defeat.

This high funding fee is extremely unfair to retail investors. Because of the funding fee, the market maker can’t lose. Without the fee, both longs and shorts could compete based on their financial strength, and as the price rises, the short positions would gradually grow, eventually closing the short. But with the funding fee, they can keep stealing chips from the short side. The higher they push, the more people are tricked into shorting. Many new retail investors enter the crypto space, easily getting caught up. Even with a billion, it’s not enough to cover the losses—they might lose everything in one go. Pushing the price up 100 times is an abnormal fluctuation.

The short side can hardly come to an end unless they give up. As long as there are people shorting, the market maker will keep pushing. Some say, “I’ll just go long with the market maker.” But the market maker can directly manipulate the price—last night, from 15 down to 10, then immediately pushed back up. Neither side can avoid it. Some say, “I buy spot, since the market maker controls 97% of the chips, buying spot is just fueling the market maker.” Plus, you never know when it might suddenly go to zero. When it rises, you can’t hold onto it. These fluctuations are designed to lure people in and then harvest.

You know it will crash, but you can’t control it from blowing you up. It’s not that gamblers should die; it’s that they’re being scammed. This isn’t much different from telecom fraud—raising the price to lure people into shorting, then taking their money. If this continues, it just becomes a trap.

Your money isn’t lost through gambling; it’s stolen. Essentially, this is just a scam to get your money invested. As long as there’s liquidity, the other side can draw a line and take your money. From start to finish, only exchanges can control this—they control everything else. #WCTC交易赛瓜分800万USDT