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In just five hours, the post calling out $RAVE by @zachxbt has gone completely viral, with 560k views, nearly 1,000 shares, and thousands of likes, beginning to create pressure on the market consensus.
I've never been opposed to the gameplay style of MM trading. Recently, when market liquidity dried up to the extreme, with no volatility, no stories, and no popularity, this kind of market-making with capital indeed reignited the market to some extent. To put it bluntly, it gave a shot of adrenaline to a stagnant water. So, the era of “Godly Trading” itself is a product of the environment.
Previously, those markets like Myx, River, Siren, everyone knew in their hearts: sell when it's time to sell, leave some profit margin for the market, so that later participants can still join. Although fundamentally still a game of manipulation, this game is rollable; some make money, some lose, but it doesn't just blow up the table all at once.
The biggest problem with $RAVE this time is that it pushes this boundary to the extreme.
It's not just simple market control, but testing “how much can be squeezed out.” Pumping rhythm, emotional exhaustion, valuation imagination—all are pushed to the limit. Without Zach’s on-chain investigation directly calling out, pushing the issue to the surface, once public opinion is absent, this kind of manipulation is very likely to continue spiraling out of control, even reaching a completely unrealistic height.
Once this mode is proven to be “able to pump infinitely and harvest endlessly,” it will only become more exaggerated later. More projects will copy, more aggressive manipulation, shorter harvesting cycles. In the short term, it looks prosperous, but in the long run, it’s actually overextending the credibility of the entire altcoin market.
That’s also why many people are on Zach’s side this time—not suddenly feeling superior, but realizing that if they don’t step on the brakes, this game will deteriorate.
Markets can have speculation and harvesting, but they shouldn’t turn into a pure one-way ATM. Once most people form the consensus that “coming in means giving away money,” liquidity will naturally disappear, and in the end, even the manipulators will have nothing to play with.
Ultimately, making money is fine, even earning big is fine, but if only a few keep winning, this market will eventually collapse on its own.
Knowing when to stop may sound old-fashioned, but in this environment, it’s actually the underlying rule to keep the game running.