RaveDAO's RAVE token has become the third-largest cryptocurrency by futures liquidations, following bitcoin and ether. In the past 24 hours, $44 million in RAVE futures positions were liquidated.
RaveDAO’s RAVE token ranks third in futures liquidations, with $44 million liquidated in the last 24 hours, primarily from bearish bets. This surge follows a dramatic increase in RAVE's value, which rose approximately 4,500% in a week, boosting its market capitalization from $60 million to $2.8 billion. In comparison, bitcoin and ether saw liquidations of $229 million and $135 million, respectively.