RAVE Token, issued by RaveDAO, has experienced a remarkable surge of 285% in the past 24 hours, reaching a price of $0.62. This significant price movement follows the recent token generation event, which has attracted substantial trading activity. The token's market capitalization now stands at $143 million, with a 24-hour trading volume of $238 million, indicating strong capital inflow. Traders are closely watching the token for further volatility as it continues to exhibit rapid price changes.