RAVE, a new altcoin added to the Binance Alpha platform and distributed via airdrop yesterday, quickly became a hot topic in the market.
The token issued by RaveDAO experienced a remarkable rally after being listed on Binance Alpha, following a post by Donald Trump Jr., the eldest son of US President Donald Trump.
According to market data, RAVE has seen a price increase of nearly 250% in the last 24 hours, bringing the total value of the airdrop to over $200. During the same period, on-chain transaction volume exceeded $60 million.
While FOMO (Fear of Missing Out) was noticeable within the community, there was a rapid increase in the number of token holders. However, the distribution appears to be quite dense; the top 10 wallets hold 92.63% of the total supply.
On the other hand, the collaboration between Aster and USD1, and positive statements from institutions like Aster and Binance Labs, further increased RAVE's visibility. A post by Donald Trump Jr., Donald Trump's eldest son, was related to the listing of the Trump-linked stablecoin USD1 on Aster in the RAVE pair.
*This is not investment advice.
