XRP HOLDERS I WARNED THIS WOULD HAPPEN! WHY RAVE DAO IS COLLAPSING!

Added: 2026-05-05

[00:00:01]Please read the disclaimer.

[00:00:06]XRP holders, the roller coaster continues. Woah.

[00:00:12]>> [laughter] >> The uncertainty, the roller coaster, the ups and downs of the markets continue.

[00:00:17]The uncertainty is at peak once again today and XRP and the crypto market is selling off. Plus, uh RAVE DAO took a big dive. Uh something that we were expecting. Uh we'll talk about that as well. All I ask from you is that you give me a beautiful smile to send out those good good vibes.

[00:00:37]Smishity smash that like button. If you don't smash the like button, I'm not letting you off the roller coaster.

[00:00:44]>> [laughter] >> Okay, I think that's enough of that. Uh currently XRP is sitting at $1.43.

[00:00:51]You can see that XRP experienced a sell-off here around 11:00 a.m. my time.

[00:00:56]It was not just XRP, but it was the whole crypto market that what sold off here. Uh Bitcoin sold off as well.

[00:01:03]Ethereum sold off as well. So, it wasn't just um XRP. Um RAVE DAO is down 70%. We'll talk about why in just a second. But as you can see, I drew the very very beautiful picture. Uh if you've been watching the channel, um that we would potentially see a uh run-up and then a sell-off. Um I told you that I was not in any position in it anymore that I finished uh all my plays, all my trades with it because I had a feeling like something like this was going to happen. Uh and it happened. Um so again, if you're you're thinking about this, this is a super duper volatile asset. We'll get to it in a second why it's selling off um this much. Um but um right now that's what's happening. And it's funny because yesterday was the day that we had 26.

[00:01:55]So, this was the highest that we've seen on the Fear & Greed Index since back in March March 17th, right? Which March 17th was the the last time that you know, we had uh the the previous high kind of after it sold off uh into uh February 5th and then March 17th, we had uh you know, that run-up there. That was the last time that we were in the this high of a crypto um greed and index fear and greed and index. Uh and now we're seeing uh you know, hitting the resistance level and the market selling off.

[00:02:27]But this comes of from the uncertainty, right? Uncertainty is at a it's peak again today. Less than 24 hours ago, Iran declared the Strait of Hormuz fully open for everyone and Trump confirmed it. Now, all of that is reversed. Iran has closed the strait again and placed it back under strict management and control of the military. The reason Trump refused to lift the US naval blockade on the Iranian ports. Iran called it America untrust- untrustworthiness.

[00:02:51]IRGC gunboats fired on tankers in transiting the strait with no warning and Indian flag supertankers were forced to turn back after being fired upon.

[00:02:59]Iran has not agreed for the next round of peace talks. The US naval blockade remains in full force. 21 ships have been turned back by from Iranian ports since Monday.

[00:03:08]Iran says it will not hand over enriched uranium. The ceasefire expires on Wednesday and Trump said, "If no deal is reached, we'll have to start dropping the the bees again." All of this is happening while markets are closed over the weekend. Expect volatility on Monday. This has happened many times over the past few weeks over the weekend. Big headlines, big things are happening. Crypto market sells off and then Monday morning everything's all hunky-dory and everything's back to normal. But this week is kind of different because of the Wednesday uh deadline there. Um and we'll see. We'll see what's going to happen. Um you know, if we go back, you can see that uh US military is preparing to board Iranian-linked oil tankers and seize commercial ships in international waters, according to the Wall Street Journal.

[00:03:52]The report comes just hours after the Iran declared the Strait of Hormuz closed again. Uh this move is intended to step up economic pressure on Iran to force them to reopen Hormuz. The US says its blockade will actively actively pursue any Iranian flag vessels um or any vessels attempting to provide material support for Iran. And Iran has been exporting over 2 million barrels of oil per day throughout the war, which is now at risk. Uh and this whole situation has the president saying um that's them shutting down the Hormuz again. Iran cannot blackmail us, he says. Trump says he will have some information by the end of the day. So, all of this is putting pressure on the potential ceasefire, the potential peace deal. And of course, this is creating fear in the market, creating a little bit sell-off. You know, when there's uncertainty, when there's fear, um people have a tendency to sell off, right? Now, before we continue, I just want to remind you that this video is for educational purposes, for entertainment purposes only, not financial advice. Always do your own due diligence before you decide to invest.

[00:04:51]Also, remember that I will never contact you on social media asking to sign up to anything or to send me anything. Those are scammers, they're imposters. Please be very careful out there, okay? I just got a a message on one of the social media platform for someone that used to work with me.

[00:05:05]And there was a link to something. We haven't talked in like 5 6 years.

[00:05:09]Uh you know, I have some friends, but he actually left also the place that I used to work at. And he shouldn't be sending me a message. Of course, I immediately um you know, did not open that and you know, even blocked his account because we're not really in in touch. So, I don't it's not you know, the end of the world.

[00:05:28]Um so, just be very careful out there.

[00:05:30]There's a lot of shenanigans. People are getting uh you know, their their wallets drained. They're getting their social media accounts hacked. Um and so, just be very careful out there, okay?

[00:05:41]Um so now, let's get back to just RAVE cuz I think we should get a little bit of a explanation what's happening there.

[00:05:48]Um you can see it started around um you could say that the that the high was around here at 26. Um now it's even under six already. It's continuing to drop. Um and this comes on the um the ZachXBT tweeting out um after the RAVE DAO from already April 14th said they observed heightened market volatility. We encourage all users to remain mindful of the associated risk and exercise caution particularly when using levered options. And now ZachXBT is coming out and saying pump and dump activity for RAVE originated on Bitget, Binance, and Gate. Call to action to both uh Binance and Bitget to get together and launch internal investigation off-boarding the responsible actors offering up to $10,000 bounty from his personal funds for whistleblowers to come forward privately to share evidence about parties involved. We cannot allow allow this blanket market manipulation by insiders controlling over 90% of RAVE supports to further extract from retail investors.

[00:06:51]Um and there's this was a tweet here that 95.3% uh is controlled by RAVE team itself, one entity all linked on chain. 3% is held by users on Bitget, likely also insiders. And 0.34 is held by users on Gate. This brings total insider control to 98%.

[00:07:08]Uh and so now we're seeing of course, this got a million views.

[00:07:13]Um and um you know, they came out and said they're starting to investigate.

[00:07:17]And of course, when there's fear, timber.

[00:07:21]Right?

[00:07:23]Um and this was kind of um I I knew that this was going to happen.

[00:07:28]This is one of the reason why I haven't been touching it over the past few days.

[00:07:31]Um I think it's time to say goodbye. If you want to try to catch movements here, it can still be very volatile. I mean, you want to short it, you want to long it.

[00:07:41]Again, that's up to you. But this is super super volatile right now.

[00:07:46]Um so just just be careful what you're doing. I've seen multiple multiple assets over the past week kind of go crazy, kind of go bananas, um go up a few like a a significant amount then sell off. There were a few of them um that I've been watching. For example, Siren, they did something similar.

[00:08:03]Again, uh you know, pumped up um and then sold off significantly had like a 70% um drop-off. 86% in in about an hour. Uh there was another one that I was just watching and I was uh tracking what was happening. Arya also pumped up and then sold in in an hour. Uh just huge pump and dumps that are happening right now.

[00:08:26]So, just be very very careful out there um and be careful what you're doing and how you're uh conducting your your trades. Um I kind of um made a decision and this is just my personal decision um to step back a little bit a little bit from day trading. Again, I I because of the RAVE uh you know, position, I was getting too into it. I wasn't sleeping. I was on edge. I was thinking about what should I do and things like that. And it just I'm not feeling good. I'm feeling bad um and just physically um and mentally. And so, I'm stepping back for a day or two, a week, two weeks. We'll see. But this is just again, my personal.

[00:09:06]Um not everybody's is me. Not everybody gets obsessed like I do. I get obsessed.

[00:09:11]Um so again, um know that it's okay if you miss one or two trades. If you need a little bit of a breather, it's fine.

[00:09:18]I've done it before. I'll do it again.

[00:09:20]I'll come back. I'll go in. You know, it was very stressful over the last few months. Now or maybe we're going back to to potential war and sirens and missiles and all that. So, that's also stressing me out a little bit. But we'll see what happens and how that will play out. As always, you can support the channel by checking out the links in the description down below. You can drop a super thanks. That's also a a possibility to support the channel. And the easiest way is to just smash that like button. Thank you for watching. I hope to see you next time. And like I always say, let's make a lot of money.