Crypto Pump-and-Dump “RAVE” — the Market Maker’s Astonishing “Pig-Butchering” Harvesting Playbook, After Watching You’ll Feel Your Scalp Crawl!

The first step the market maker takes is to lock up 97% or more of the spot circulating chips, and after achieving absolute control, it immediately enters a frenzy-pumping mode, hard on end turning a worthless “air coin” into hype that spreads beyond the circle.
Everyone is well aware that this thing will inevitably go to zero sooner or later. And the market maker precisely exploits this consensus: digging a doomsday short-selling trap for retail investors — the higher the price is pushed, the more retail investors who think “it must fall from high levels” pile in, shorting one after another, willingly becoming the market maker’s counterparty.
So they push it higher all the way, luring shorts all the way, and the coin price hard forces a 100-fold surge.
A friend of mine nearby suffered a hard loss of more than 3 million U in this wave, and in the end he could only grit his teeth and cut his losses. It’s not that he didn’t have the money to hold the position; it’s that he saw it clearly: from the ground up, there was no chance for retail investors to win in this game. If he kept holding, he would only end up losing all his life savings.
The deadliest move isn’t the coin price going up or down — it’s the funding fee that 90% of retail investors ignore!
Relying on extreme one-sided pumping, the market maker lets the funding rate stay wildly inverted for a long time; at most, it can eat away 2% of the principal of short positions every hour. When you do the math, in a single day it can wipe out nearly half of your position!
The bigger your short position is, and the longer you hold it, the more funding fee money the market maker pockets.
It’s the same as using your own principal to keep fueling the market maker’s endless pumping ammunition, forming a dead-cycle — the more they pump, the more people open shorts; the more shorts there are, the more ammunition the market maker has, and the more they can keep pumping.
This isn’t really a showdown of long vs. short financial strength — it’s a rule-based attack that reduces the dimension. Without funding fees, longs and shorts could still compete based on their capital; with this bloodsucking mechanism in place, the market maker can openly and step by step drain the short-side soldiers’ principal, leaving retail investors with no chance to turn the tide.
Stop talking about “if gamblers get what they deserve!” This isn’t that you lost a bet — it’s a blatant financial scam, with no fundamental difference from telecom fraud or industrial-park fraud schemes.
It relies on extreme abnormal pumping to create hype to lure you into opening shorts, and then uses a seemingly compliant rules trap to slowly chew through your principal bit by bit. You think you’re trading, but from the moment you top up and enter the market, your money is already in the market maker’s pocket. Even if you have 1 billion, they can still make sure you’re left with nothing but crumbs.
The most ironic part is that this openly blatant harvesting can only be stopped by the exchange itself. But in this gray zone with no regulation, the exchange and the market maker are, in essence, on the same boat.