$RARE Seeing a Surge, But Proceed with Caution 😅

SuperRare (RARE), the curated marketplace for digital art, is experiencing a significant price surge, up over 130% in the past week. 🔥 The listing of RARE Perpetual Contracts on Binance has likely fueled this rally. 🤷 However, the token is still trading 95% below its all-time high. 🤐

Key points to consider: 💻👀👇

🚨 Large holder concentration: A significant portion of RARE tokens is controlled by a small number of holders. 💦🐳

🚨 Token unlocks: Regular token unlocks until 2025 could potentially dilute the token price. 💥

⛔ Profitable holders: Only 37% of #RARE holders are currently in profit.

✅ Low correlation with Bitcoin: RARE's price movement seems independent of Bitcoin's performance.

While the recent price surge is impressive, it's essential to approach RARE with caution. 💪 The combination of large holder concentration, token unlocks, and a relatively small percentage of profitable holders creates a risk of volatility. 😖

Investors should conduct thorough research and consider the risks before investing in RARE. 💻👋 Would you like to know more about the potential benefits of investing in RARE or explore other investment options? DYOR! Invest Responsibly!!