CBN PILOT

RaveDAO said Saturday its team is “not engaged in, nor responsible for” the recent surge in its RAVE token, which jumped from $0.25 to $28 in nine days before collapsing to under $4 on Saturday.
Onchain investigator ZachXBT alleged a pump-and-dump scheme, pointing to roughly 90% of supply held across three team-linked wallets, and has offered a $25,000 bounty for whistleblowers.
Binance and Bitget have both confirmed they are investigating the trading activity.
Web3 entertainment project RaveDAO publicly denied any involvement in the recent price action of its RAVE token on Saturday, hours before the token collapsed by more than 80%.
In a six-post X thread, the team said it was aware of circulating rumors and accusations and stated its team "is not engaged in, nor responsible for, recent price action." The thread did not address specific onchain allegations raised by critics, including supply concentration or the timing of exchange transfers before the rally.
The thread also outlined plans to liquidate portions of unlocked tokens to fund operations, hiring, marketing, and philanthropic efforts, and said the team was exploring price-triggered or performance-triggered locks to align incentives with ecosystem growth. "Building a movement requires resources, and we are committed to doing so sustainably and transparently," the team wrote.
RAVE climbed from roughly $0.25 to a peak near $28 in about nine days, per CoinGecko data. At its high, the token briefly ranked around the top 20 by market cap, surpassing Litecoin and Avalanche. It has since retraced sharply, trading around $3.47 Saturday afternoon, down roughly 84% on the day and more than 87% from its peak. Its current market cap stands at about $892 million.
Onchain investigator ZachXBT on Saturday accused the RaveDAO team of orchestrating a pump-and-dump and called on Binance, Bitget, and Gate.io to investigate. ZachXBT cited claims that roughly 90% of the 1 billion RAVE supply is held across three Gnosis Safe multi-sigs attributed to the team, with only about 24% of tokens currently in circulation.$RAVE

Key Levels Define Next Move
Immediate support stands near $0.00000340, a level that has held during recent pullbacks. However, a break below this zone could push prices toward $0.00000320 and $0.00000300. Additionally, a move above $0.00000370 may open the path toward $0.00000420 and possibly $0.00000440
$PEPE #PEPE‏

Shiba Inu (SHIB) is set to expand its reach in Japan after Rakuten Wallet announced plans to list the token, allowing users to trade SHIB and spend it across Rakuten’s extensive retail network. The integration with Rakuten also connects the cryptocurrency to the company’s payment ecosystem and loyalty point program, enhancing real-world utility for millions of users. However, the initially planned launch date has been postponed, with a new schedule to be announced soon.
Rakuten integrates Shiba Inu into payment network
Rakuten Wallet, the digital asset exchange arm of Rakuten Group in Japan, confirmed it will support Shiba Inu trading against the Japanese yen. The exchange is also preparing to introduce SHIB alongside established digital assets XRP and XLM. Rakuten Wallet provides crypto trading services to Japanese users and is regulated under the country’s Financial Services Agency framework, recognized for its strict requirements.

The company plans to allow its customers to purchase Shiba Inu using Rakuten Points and Rakuten Cash. Through this step, SHIB holders will be able to make purchases at over five million merchant locations throughout Japan using Rakuten Pay, the fintech service that streamlines payment options across Rakuten’s network. This move positions SHIB to become accessible for day-to-day retail spending by millions of consumers.

According to Rakuten, its payment platform currently serves approximately 44 million registered users across the country, making the Shiba Inu listing one of the largest integrations of a digital asset into a retail payment network in Japan to date. This opens up new use cases for the token beyond speculative trading, aligning with a growing trend of crypto assets being used for real-world transactions in Japan.

$SHIB #SHIB