RaveDAO (RAVE) Price: Token Crashes 95% After Manipulation Allegations and Exchange Investigations
CoinCentral·60-word summary·1 min read
RaveDAO's RAVE token plummeted 95%, from about $28.90 to $1.24, following manipulation allegations. On-chain investigator ZachXBT accused the project of a pump-and-dump scheme, with insiders allegedly controlling over 90% of tokens. Binance and Bitget CEOs confirmed investigations into RAVE trading activity, while RaveDAO denied involvement. The incident highlights ongoing concerns over market manipulation in crypto.
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