RaveDAO Climbs to $27.94 Record High on Short Squeeze, KuCoin Listing

RaveDAO’s token RAVE rallied to a new all-time high of $27.94 on Friday, jumping more than 50% over the past 24 hours and lifting its market capitalization to $6.56 billion. The token is up 18,308% from its all-time low of $0.14 recorded four months ago in December 2025. At the time of writing, RAVE was trading at $26.48, easing back from the peak. The move was driven primarily by an aggressive short squeeze. After RAVE pushed above $20, more than $1 million in short positions were liquidated within a single hour, triggering forced buybacks that intensified upside pressure. Open interest has since climbed above $500 million. A KuCoin listing on April 17 added to demand by expanding access and drawing additional spot buying. The combination of new exchange exposure and crowded short positioning contributed to the outsized price action. Alongside the rally, blockchain investigator ZachXBT raised concerns about token concentration. Four days ago, he alleged that insiders control 90% of RAVE’s supply and are manipulating prices on centralized exchanges. ZachXBT said he contacted a RaveDAO cofounder for comment but has not received a response. Crypto community reaction has been divided. Some traders continue to follow the momentum, while others cite the alleged supply concentration as a risk regardless of near-term gains. One commenter questioned whether the team is aiming to push the fully diluted valuation toward $100 billion, calling RAVE the market’s most overbought token. Related: RaveDAO Price Prediction: Why Did RAVE Surge 2500% In Ten Days? Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for losses resulting from the use of any referenced content, products, or services. Readers should exercise caution before taking any action related to the company.