RAVE jumped 245% in 24 hours and more than 3,400% over seven days, lifting its market cap to $2.4 billion. While exchange listings and strong momentum fueled the rally, concerns over low circulating supply and possible insider activity are growing.
RAVE surged more than 10,000% since April 1, briefly hitting a $6.6 billion market cap and entering the top 20. But the rally also triggered $19 million in liquidations and renewed criticism over concentrated token ownership and possible manipulation.
RaveDAO denies involvement in the 95% crash of RAVE token from $28.90 to $1.24. Binance and Bitget launch investigations into alleged insider control of 90% supply. The team insists on focusing on Web3 events and Nepal charity surgeries.
RaveDAO denies insider manipulation allegations after RAVE token plunges 95% from $28.90 peak to $1.24. Community points to low-float structure (90% insider supply). Binance CEO Richard Teng and Bitget CEO Gracy Chen confirm formal investigations.
RaveDAO has denied any role in RAVE’s extreme price swings, even as the token plunged from $28.90 to about $1.24. The collapse has intensified scrutiny over insider concentration, exchange inflows, and the risks tied to thin-liquidity crypto assets.
RAVE token surged over 10,000% since April 1, reaching $27.88 and a $6.6B market cap to enter top 20. Critics warn of 90% insider control and potential pump and dump, causing $19M in liquidations.
RaveDAO's RAVE token skyrocketed 10,000% since April 1, reaching a $6.6B market cap and entering the top 20. A brutal short squeeze liquidated 16,000 traders, while critics warn of a pump-and-dump with insiders controlling 90% of supply, echoing past crash patterns.
RAVE has surged more than 10,000% since April 1, reaching a $6.6 billion market cap and entering the top 20 cryptocurrencies. But heavy liquidations, extreme volatility, and concentrated token ownership are fueling concerns about sustainability.
