I’ve long repeatedly warned that an emotional spike like RAVE—an imitation coin—is inherently unhealthy; it’s more like a short-term carnival driven by capital. The result is no surprise either: after a wave of spiking higher, it quickly fell back, returning directly to its original form. Those who blindly chased in at high levels and hoped for a turnaround can now only passively bear the cost of this round of sell-off.