@malik7442
š½ RAVE Token Surges 1200% Then Plummets 95%
The RAVE token surged by 1,200% over one week, rising from $2.1 to $28, with its market capitalization peaking at $6.7 billion.
Following this, ZachXBT accused the project of manipulation, revealing that wallets linked to the RaveDAO team transferred 18.58 million RAVE tokens to Bitget before the price rally, at prices below $0.50. Nearly 90% of the token supply was concentrated in just three wallets.
Both Bitget and Binance launched investigations into the matter.
As a result, the RAVE token price collapsed by 95%. The RaveDAO team denies any involvement in price manipulation.
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