RAVE Surges Over 230% Amid Short Squeeze, Funding Rates Skyrocket

2026-04-13 17:56

RAVE has experienced a dramatic price increase of over 230% in the past 24 hours due to a short squeeze, according to CoinGlass data. The annualized negative funding rates for RAVE on major exchanges such as Binance, OKX, and Bybit have soared to between 2,700% and 4,800%. This surge places RAVE at the top of the negative funding rate rankings across these exchanges, with significant subsidies flowing from short positions to long positions.

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