Binance will initiate an investigation into a token that had an unexpected appreciation of 4,500%
Wow, after one of the most intense highs that people have ever seen in this crypto thing, the token RAVE, linked to the RaveDAO project, ended up catching the attention of big exchanges. There was that buzz that something might have gone wrong along the way.
The team from Binance and Bitget has already said they started to take a closer look at the trading of the asset, because there are suspicions of manipulation with people from within. The head of Bitget, Gracy Chen, said she opened an internal investigation, and Richard Teng from Binance also commented that they are analyzing possible signs of strange conduct.