📢 RaveDAO denies manipulation of the RAVE token while Binance and B1tg3t open investigations

The Web3 project RaveDAO is at the center of a growing controversy in the crypto market following the extreme behavior of its RAVE token, whose price experienced a meteoric rise followed by an abrupt collapse in a matter of days. As accusations of manipulation gain traction in the community, exchanges Binance and B1tg3t…

📉 The RAVE token of RaveDAO plummeted 96% in 24 hours, falling from 26 to 1 dollar after a meteoric rise under suspicions of alleged market fraud.

⚠️ The collapse wiped out about 6 billion dollars in capitalization, suggesting mass manipulation due to the high concentration of the token.

💬 Analyst ZachXBT denounced a pump-and-dump scheme, while RaveDAO denies the charges and exchanges like Binance are already investigating what happened.

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