🚨 $RAVE under serious scrutiny
The token has seen extreme volatility — surging from around $0.25 to nearly $28, then crashing over 90% from its peak.
Because of these sharp moves, major exchanges like Binance and Bitget have started reviewing the situation. While the RaveDAO team denies any wrongdoing, on-chain investigator ZachXBT reports that over 90% of the supply appears to be controlled by insiders — raising concerns of a potential pump-and-dump scenario.
Adding to the uncertainty, the team is reportedly selling tokens to fund future development, but transparency around operations remains limited.
All of this comes at a time when DeFi-related losses are rising across the market — highlighting the growing risks in the crypto space. ⚠️
RAVEUSDT
Perp
0.8813
-2.36%