Whales accumulate 20.1M RAVE via Bitget, accounting for approximately 8.1% of its circulating supply

Odaily Planet Daily News According to Arkham data, the Bitget exchange hot wallet address (0x1AB) has made a large withdrawal of approximately 20.1M RAVE, worth about $18.458 million, over the past 8 hours.

The 20.1M RAVE tokens were distributed to 8 independent addresses, with individual withdrawal amounts ranging from 1.45M to 3.511M tokens.

Currently, the circulating supply of RAVE is 248.04M, and this withdrawal amount accounts for approximately 8.1% of the total circulating supply. RAVE is currently priced at $0.9203, with a 24-hour increase of 3.14%, and its circulating market cap stands at $228 million.