RAVE
Rave Restaurant Group, Inc.
stock NASDAQ

I would like to share my trading experience of this shitcoin. First of all, I am convinced that its price is manipulated by the same group of scammers who manipulate RAVE and DASH, because I see hundreds of bots on Binance Square promoting all of these three shitcoins in the same posts, moreover, all three of them follow the same price patterns. So it all started on 9th of April. The market went up big time after Trump's announcement of ceasefire on 7th of April, and Zcash was the coin that went up more than any other - from 260 to 325 within hours. I anticipated two things: a healthy correction after such a huge market pump and difficulties in the US-Iran peace talks the following weekend, so I decided to short the coin that pumped on the ceasefire news more than others - zcash. I checked the trading volume on Binance and it seemed to me that it was not some small shit coin that would be easy to manipulate (little did I know all that volume was just wash trading). So I shorted it for the amount of 490 coins (equal at that time around $160,000). What do you think happened next? The entire marked indeed went down, but not zcash - literally an hour after I shorted it, **it went up from 330 to 388 within 1 MINUTE**!!! There was absolutely no big news or announcement, and while the enitre market followed my prediction and kept going down, zcash after quickly falling to $360 started to gradually go up. I traded from a margin account, so I had a liquidation price, but it was far away - at $572. However, seeing that the price just goes up without any valid reason, I decided to do a small test. When the price reached 380, I asked my brother to buy exactly the same amount of zcash to hedge my short. And what do you think happened next? You are right, mysteriously after 2 hours of non-stop growth the price froze at $380 **exactly the moment he bought the same amount of coins** \- which proves that we were the only big players there at the time (even though 490 coins looked like nothing compared to the trading volume on binance at the time). So at that point the scammers who manipulate the price had no reason to pump the price even higher - because then my brother would start benefiting as well.
Then I decided to wait for the weekend and the peace talks in Pakistan, hoping that if they fail, zcash would fall down as quickly as it went up. During that period, the volatility of that shit coin was minimal - it was super obvious that someone just didn't let the price go below $365, all while the rest of the market had wild swings, going up and down. Finally the weekend came, the peace talks collapsed, the market went down big time, but... not zcash! while briefly falling to $350, it recovered back to $370 within an hour. At that point the price manipulation became super obvious. While solana, eth and others were going down, zcash fully recovered and its price was even higher than before the peace talks began! Ridiculous, no? At the end on 14th of April I gave up and closed my short with a huge loss at $372. Still thinking that maybe it was all my paranoia and zcash was just too strong at the moment, I decided to buy it. I think I don't need to say what happened next - after 6 days of refusing to go down and floating in the $365-$385 price range, zcash suddenly dropped to $320 within days.
What's most outrageous is that after I swapped from short to long, the entire market was really going up, solana went up from $83 to $90, ETH went up from $2300 to $2450, but zcash... mysteriously it was going down -4% per day while other were going up 5% per day!
I attach the screenshots of the price charts of zcash and dash. Do you see any similarities? Yeah, that's right, they pumped all of a sudden at the same time, however DASH dumped very quickly after the pump, but zcash didn't - it maintained its price as long as I kept my short.
I also attach the screenshots of ZEC price after I opened my short and I after I closed short and bought ZEC. I think the pictures speak for themselves.
https://preview.redd.it/mf8xwkltv6wg1.jpg?width=758&format=pjpg&auto=webp&s=8b6c17c3feea967cd20688519546761e9fa3d365
[](https://preview.redd.it/zcash-zec-is-a-scam-pump-and-dump-shitcoin-dont-trade-it-v0-nireygkgm6wg1.jpg?width=738&format=pjpg&auto=webp&s=62ef3b797945bf679caa921a96e1d490e0d99131)
[](https://preview.redd.it/zcash-zec-is-a-scam-pump-and-dump-shitcoin-dont-trade-it-v0-q98rifkgm6wg1.jpg?width=738&format=pjpg&auto=webp&s=86a4911d2e976114ef368daf25ee6d74fefcd2ce)
Conclusion: ZCASH, DASH, RAVE and HYPE and probably a bunch of others are manipulated by a group of scammers (I think led by Arthur Hayes). Don't trade these shit coins with any significant volume - what you see on Binance is all wash trading and if you dare to invest or short any of them for a significant amount of money, the price will go in the opposite direction right away. Most of the time the price of these shit coins follows the market, except when someone makes a big trade - then all of a sudden the price goes AGAINST the market and keeps going until you close your trade.
Another thing worth mentioning is that after I opened short, there was a huge spike of paid posters on Binance Square who suddenly started promoting ZEC. Even Hayes himself after a very long break released a video promoting ZEC and saying that it would go to $1000 soon - ironically, just 2 days after I shorted this shit coin. That is one of the notable strategies of this group of scammers: they use aggressive social media spamming to promote their scam coins.

I would like to share my trading experience of this shitcoin. First of all, I am convinced that its price is manipulated by the same group of scammers who manipulate RAVE and DASH, because I see hundreds of bots on Binance Square promoting all of these three shitcoins in the same posts, moreover, all three of them follow the same price patterns. So it all started on 9th of April. The market went up big time after Trump's announcement of ceasefire on 7th of April, and Zcash was the coin that went up more than any other - from 260 to 325 within hours. I anticipated two things: a healthy correction after such a huge market pump and difficulties in the US-Iran peace talks the following weekend, so I decided to short the coin that pumped on the ceasefire news more than others - zcash. I checked the trading volume on Binance and it seemed to me that it was not some small shit coin that would be easy to manipulate (little did I know all that volume was just wash trading). So I shorted it for the amount of 490 coins (equal at that time around $160,000). What do you think happened next? The entire marked indeed went down, but not zcash - literally an hour after I shorted it, **it went up from 330 to 388 within 1 MINUTE**!!! There was absolutely no big news or announcement, and while the enitre market followed my prediction and kept going down, zcash after quickly falling to $360 started to gradually go up. I traded from a margin account, so I had a liquidation price, but it was far away - at $572. However, seeing that the price just goes up without any valid reason, I decided to do a small test. When the price reached 380, I asked my brother to buy exactly the same amount of zcash to hedge my short. And what do you think happened next? You are right, mysteriously after 2 hours of non-stop growth the price froze at $380 **exactly the moment he bought the same amount of coins** \- which proves that we were the only big players there at the time (even though 490 coins looked like nothing compared to the trading volume on binance at the time). So at that point the scammers who manipulate the price had no reason to pump the price even higher - because then my brother would start benefiting as well.
Then I decided to wait for the weekend and the peace talks in Pakistan, hoping that if they fail, zcash would fall down as quickly as it went up. During that period, the volatility of that shit coin was minimal - it was super obvious that someone just didn't let the price go below $365, all while the rest of the market had wild swings, going up and down. Finally the weekend came, the peace talks collapsed, the market went down big time, but... not zcash! while briefly falling to $350, it recovered back to $370 within an hour. At that point the price manipulation became super obvious. While solana, eth and others were going down, zcash fully recovered and its price was even higher than before the peace talks began! Ridiculous, no? At the end on 14th of April I gave up and closed my short with a huge loss at $372. Still thinking that maybe it was all my paranoia and zcash was just too strong at the moment, I decided to buy it. I think I don't need to say what happened next - after 6 days of refusing to go down and floating in the $365-$385 price range, zcash suddenly dropped to $320 within days.
What's most outrageous is that after I swapped from short to long, the entire market was really going up, solana went up from $83 to $90, ETH went up from $2300 to $2450, but zcash... mysteriously it was going down -4% per day while other were going up 5% per day!
I attach the screenshots of the price charts of zcash and dash. Do you see any similarities? Yeah, that's right, they pumped all of a sudden at the same time, however DASH dumped very quickly after the pump, but zcash didn't - it maintained its price as long as I kept my short.
I also attach the screenshots of ZEC price after I opened my short and I after I closed short and bought ZEC. I think the pictures speak for themselves.
https://preview.redd.it/mf8xwkltv6wg1.jpg?width=758&format=pjpg&auto=webp&s=8b6c17c3feea967cd20688519546761e9fa3d365
[](https://preview.redd.it/zcash-zec-is-a-scam-pump-and-dump-shitcoin-dont-trade-it-v0-nireygkgm6wg1.jpg?width=738&format=pjpg&auto=webp&s=62ef3b797945bf679caa921a96e1d490e0d99131)
[](https://preview.redd.it/zcash-zec-is-a-scam-pump-and-dump-shitcoin-dont-trade-it-v0-q98rifkgm6wg1.jpg?width=738&format=pjpg&auto=webp&s=86a4911d2e976114ef368daf25ee6d74fefcd2ce)
Conclusion: ZCASH, DASH, RAVE and HYPE and probably a bunch of others are manipulated by a group of scammers (I think led by Arthur Hayes). Don't trade these shit coins with any significant volume - what you see on Binance is all wash trading and if you dare to invest or short any of them for a significant amount of money, the price will go in the opposite direction right away. Most of the time the price of these shit coins follows the market, except when someone makes a big trade - then all of a sudden the price goes AGAINST the market and keeps going until you close your trade.
Another thing worth mentioning is that after I opened short, there was a huge spike of paid posters on Binance Square who suddenly started promoting ZEC. Even Hayes himself after a very long break released a video promoting ZEC and saying that it would go to $1000 soon - ironically, just 2 days after I shorted this shit coin. That is one of the notable strategies of this group of scammers: they use aggressive social media spamming to promote their scam coins.