RaveDAO (RAVE) has exploded 28.2% in the past 24 hours, reaching $0.488395 as of February 20, 2026, with trading volume surging to $60.1 million.
The sharp price movement pushed RAVE’s market capitalization to $114.7 million, representing a 28% increase in market cap over the 24-hour period. The token added $25.1 million in market value, cementing its position at rank #245 among cryptocurrencies.
Price Action and Trading Data
RAVE reached an intraday high of $0.521216 before settling at $0.488395, maintaining significant gains from its 24-hour low of $0.373904. This represents an intraday price range of 39.4%, indicating substantial volatility and strong trader interest.
The token has demonstrated remarkable momentum across multiple timeframes:
- 24-hour gain: +28.2%
- 7-day performance: +39.5%
- 30-day rally: +56.5%
However, the token experienced a slight pullback in the past hour, declining 2.8%, suggesting some profit-taking after the sharp rally.
Market Position and Supply Metrics
RaveDAO currently has 234.7 million tokens in circulation out of a maximum supply of 1 billion RAVE tokens. The fully diluted valuation stands at $488.5 million, indicating significant upside potential if the project reaches full token distribution.
The current price remains 36.4% below the all-time high of $0.767683, reached on December 21, 2025. Conversely, RAVE has surged 115.9% from its all-time low of $0.226171, recorded on December 12, 2025.
Volume Analysis
The $60.1 million in 24-hour trading volume represents exceptional liquidity for a token ranked #245 by market cap. This volume-to-market-cap ratio of approximately 52% suggests strong speculative interest and active trading activity.
What This Means for Traders
The substantial price increase across multiple timeframes indicates sustained buying pressure rather than a brief spike. However, the 2.8% decline in the past hour and the distance from the intraday high suggests traders should monitor for potential resistance levels.
The high trading volume provides adequate liquidity for position entries and exits, though the elevated volatility presents both opportunity and risk for short-term traders.
This is a developing story. Price data reflects market conditions as of February 20, 2026, at 00:06 UTC.
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About the Author: Ananya Melhotra
