RAVE is the native cryptocurrency token of RaveDAO, a decentralized ecosystem that integrates live music entertainment, blockchain technology, and the creator economy to build a global community focused on music, technology, and purpose.  It serves as a utility token within the platform, enabling participation in events, governance through DAO-style chapters, and access to digital collectibles and IP.  RaveDAO aims to onboard the global entertainment industry onto the blockchain by organizing large-scale festivals and local community initiatives. 
The token has a total supply of 1 billion RAVE, with a circulating supply of around 230-240 million as of February 19, 2026.  It was launched in December 2025 and is available on multiple blockchains, including Binance Smart Chain (BSC) and Ethereum.   As of the latest data, RAVE trades at approximately $0.45 USD, with a market cap of about $100-105 million and 24-hour trading volume exceeding $20 million. 
Note that there may be other tokens with the symbol RAVE, such as an AI-powered NFT platform, but based on trading volume, price, and context from your chart, this refers to RaveDAO’s token. $RAVE
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