BREAKING: RaveDAO (RAVE) Explodes 24% to $0.71 on Heavy Volume

RaveDAO (RAVE) has exploded 24.2% higher in the past 24 hours, reaching $0.711125 as of 14:36 UTC on February 22, 2026, with trading volume surging to $75.87 million.

The music and events-focused decentralized autonomous organization token has added $32.78 million to its market capitalization in a single day, bringing its total market cap to $166.93 million and securing the #199 ranking among cryptocurrencies.

Explosive Price Action Across Multiple Timeframes

RaveDAO’s price surge represents part of a broader rally that has seen the token gain 94.5% over the past seven days and an extraordinary 122.7% over the past 30 days. The token traded as low as $0.572656 within the past 24 hours before reaching its current level near $0.711077.

In just the past hour, RAVE has gained an additional 7.6%, indicating sustained buying pressure and strong momentum heading into the weekend trading session.

Market Metrics Signal Strong Demand

The $75.87 million in 24-hour trading volume represents a significant increase in market activity, suggesting heightened interest from both retail and institutional traders. With a circulating supply of 234.74 million tokens out of a maximum supply of 1 billion, RaveDAO maintains a fully diluted valuation of $711.14 million.

The token remains 12.2% below its all-time high of $0.767683, reached on December 21, 2025, but has surged nearly 198% from its all-time low of $0.226171 recorded on December 12, 2025.

Technical Outlook

RaveDAO’s current price action places it firmly in bullish territory across all major timeframes. The token has broken through multiple resistance levels during its recent rally, with the 24-hour high of $0.711077 representing a critical test of the psychological $0.71 level.

Trading activity suggests strong accumulation, though traders should monitor for potential profit-taking given the token’s rapid ascent over the past month. The substantial gap between circulating supply and maximum supply indicates significant potential dilution risk for long-term holders.

Market Context

RaveDAO operates in the music and entertainment sector of the cryptocurrency market, positioning itself as a decentralized platform for event organization and community governance. The recent surge comes as broader cryptocurrency markets show mixed signals, suggesting RAVE’s movement may be driven by project-specific catalysts rather than general market sentiment.

This is a developing story. Market data current as of February 22, 2026, 14:36 UTC.