RVN Token Surges 13% After Upbit Listing, $370M Outflow Signals Bullish Momentum

Ravencoin (RVN) experienced a notable price increase of 13.35% over the past 24 hours, with the current price at $0.01757 (as per Binance data), rising from a 24h open of $0.01550. This recent price surge is primarily attributed to sustained positive momentum following its June 5, 2025 listing on Upbit, which triggered significant retail interest, increased trading volumes, and a spike in miner rewards. Additionally, on-chain analytics indicate a cumulative outflow of approximately 370 million RVN from exchange wallets over the past five days, suggesting reduced selling pressure and contributing to the bullish sentiment.

In the latest 24-hour period, RVN recorded a trading volume of approximately $196.6 million and a market capitalization around $231–233 million. Technical indicators reflect strong bullish sentiment, with the price currently above both its 50-day and 200-day moving averages, a 14-day RSI of 69.98 nearing overbought territory, and a Fear & Greed Index of 62 (Greed), all underscoring heightened investor interest and positive momentum in the market.