RaveDAO Price Crashes 95% as Binance and Bitget Launch Investigations After Manipulation Allegations
Coinpedia·60-word summary·1 min read
RaveDAO's token plummeted 95% from its peak of $27.94 to around $1.50, following allegations of manipulation. On-chain investigator ZachXBT accused insiders of a pump-and-dump scheme. Binance and Bitget launched formal investigations, and approximately $43.68 million in leveraged positions were affected. The collapse highlights ongoing concerns over market manipulation in crypto trading.
Iran has reopened the Strait of Hormuz amid ongoing US talks, potentially easing oil price tensions. The move, announced on April 19, 2026, may stabilize markets temporarily, but geopolitical risks and supply factors remain. The reopening is significant for global oil flows and could influence future price volatility in the energy and crypto markets.
Crypto memecoin ASTEROID surged over 68,000% in a week, reaching a $100 million market cap and $100 million in 24-hour trading volume. Elon Musk’s reply triggered the spike, driven by an emotionally charged story. The token is not based on a dog or cartoon, marking a notable meme coin event.
RaveDAO's RAVE token plummeted 90% in one day, dropping from a peak of $27.33 on Friday to $1.15 on Sunday. The collapse erased over $5 billion in market capitalization amid ongoing investigations by Binance and Bitget. The sharp decline highlights growing concerns and regulatory scrutiny surrounding the token and the project.
AST SpaceMobile's stock fell 6% after insider selling and a launch delay. Rakuten’s Hiroshi Mikitani sold about $154.5 million in ASTS shares, with total insider sales reaching $274 million last quarter. The BlueBird 7 satellite launch was postponed to April 19 from Kennedy Space Center. Deutsche Bank lowered its price target from $139 to $117 amid market concerns.
Experts believe XRP could reach $10, driven by increased adoption, with Rakuten integrating XRP for transactions in Japan. Institutional flows and whale buying are also supporting the rally. CoinDesk reports XRP's renewed payments narrative and real-world utility, signaling a potential bullish trend in the market as XRP gains traction in the payments sector.
RaveDAO denied involvement in manipulating the RAVE token, which plummeted 95% to $1.24 from its peak. The decline followed claims of a 10,000% surge, prompting investigations by Binance and Bitget CEOs. RaveDAO continues to focus on Web3 events and philanthropy, including funding surgeries in Nepal, despite the token’s sharp decline.
