On-chain analyst ZachXBT said RAVE’s sharp price moves were not an isolated case and named six more altcoins with highly suspicious trading patterns, while urging centralized exchanges to respond faster to potential manipulation.
On-chain analyst ZachXBT said the sharp moves in RAVE are not unique, naming SIREN, MYX, COAI, M, PIPPIN, and RIVER as showing similarly suspicious price action. He also urged centralized exchanges to respond faster to potential manipulation.
Alphractal says altcoin positioning is becoming increasingly asymmetrical, with some tokens showing very low long/short ratios and others facing crowded long trades. The data highlights weakening confidence in some assets and rising vulnerability in overheated names.
Alphractal says the altcoin market is becoming increasingly asymmetrical, with some tokens showing extremely low long/short ratios and others crowded by long positions, highlighting rising structural instability and volatility risks.
Altcoin open interest fell to $14 billion, with extreme divergence in long/short positions. BNX leads shorts, while COAI sees over 83% longs. Market remains bearish overall, dominated by Bitcoin.
Altcoin market exhibits extreme divergence: BNX leads short targets while COAI sees over 83% long positions. Total open interest drops to $14B, lowest since summer 2025, as Bitcoin dominates.
Altcoin markets are showing sharp divergence, with some illiquid tokens heavily shorted and others attracting long bets on potential breakouts. Total altcoin open interest remains muted at around $12 billion to $14 billion, far below its previous peak.
ZachXBT criticized Kraken for listing Memecore's M token on July 3, 2025, citing insider control of over 99% of supply and similarities to the $RAVE collapse. He offered a $25,000 bounty for info on responsible parties.
