$RAVE Token completely implodes.
After pumping from under $1 to ~$28 in just 9 days and briefly hitting a $6 BILLION market cap, $RAVE has now crashed over 95% on April 19, wiping out virtually the entire $6B valuation.
On-chain sleuth ZachXBT dropped bombshell allegations of a classic pump-and-dump, claiming insiders controlled 98% of the 1 billion token supply across Bitget, Binance, and Gate.io. Data shows top holders still dominate over 90% of the supply.
Exchanges have launched investigations. RaveDAO has denied any team involvement in the alleged scheme.
ZachXBT just put up a $25,000 bounty for concrete evidence.
Another day, another cautionary tale in crypto. Always DYOR and watch those token allocations.