Audiera BEAT Hits All-Time High Amid Collapse Comparisons
Audiera (BEAT) reached an all-time high of $6.11 on Wednesday, extending its weekly gain to 378% and monthly climb to nearly 960%. The surge has revived warnings that the token shares structural traits with RaveDAO (RAVE) and LAB before their collapses, including a low circulating supply relative to total supply. BEAT's circulating supply is about 288 million tokens (29% of 1 billion max), similar to RAVE and LAB. On-chain investigator ZachXBT alleged insiders held over 90% of RAVE's supply, leading to a pump-and-dump that saw RAVE lose 95% in a day. LAB crashed 77% in two hours on June 2, erasing $6 billion. BEAT's top 10 wallets reportedly control 85% of supply, though this is unverified. However, Audiera differs as a Web3 rhythm game on BNB Chain, backed by a Binance trading competition. No formal investigation has been published. BEAT's $6 billion FDV vs $1.75 billion market cap leaves 712 million tokens yet to enter circulation, which may determine its fate.
Key facts
- BEAT hit $6.11 ATH, up 378% weekly and 960% monthly.
- Critics compare BEAT to RAVE and LAB due to low circulating supply.
- RAVE lost 95% in a day; LAB crashed 77% in two hours.
- BEAT's top 10 wallets allegedly control 85% of supply.
- Audiera is a Web3 game on BNB Chain with Binance support.