BREAKING: RaveDAO (RAVE) Crashes 87% to $2.88 in 24 Hours
RaveDAO (RAVE) experienced a severe price crash on April 18, 2026, plummeting 87% to $2.88 within 24 hours, just one day after reaching its all-time high of $27.88.
The dramatic collapse eliminated $4.77 billion in market capitalization, reducing RaveDAO’s valuation from approximately $5.48 billion to $710.3 million. The token now ranks #84 by market cap, down from a significantly higher position.
Massive Trading Volume Amid Selloff
Trading volume spiked to $487.08 million during the crash, indicating heavy selling pressure across exchanges. The token hit a 24-hour low of $2.60 before recovering slightly to its current price of $2.88.
In the past hour alone, RAVE declined an additional 7.99%, suggesting continued bearish momentum despite the steep losses already recorded.
Sharp Reversal From All-Time High
RaveDAO reached its all-time high of $27.88 on April 18, 2026, at 01:40 UTC, making the subsequent crash even more dramatic. The token is now trading 88.89% below that peak, achieved less than 24 hours ago.
Despite the severe pullback, RAVE remains up 1,012% over the past 30 days and 32% over the past week, indicating the token experienced rapid appreciation before the sudden reversal.
Token Metrics and Supply
RaveDAO has a circulating supply of 248.04 million tokens out of a maximum supply of 1 billion tokens, representing approximately 24.8% of total supply currently in circulation. The fully diluted valuation stands at $2.86 billion based on current pricing.
The token previously traded at an all-time low of $0.206 on March 12, 2026, meaning it had surged over 13,400% before today’s crash.
What Is RaveDAO?
RaveDAO is a decentralized autonomous organization project in the cryptocurrency space. Further details about the project’s fundamentals and the specific catalyst for today’s crash were not immediately available at press time.
This is a developing story and will be updated as more information becomes available.
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