Blockchain sleuth accuses RaveDAO of token manipulation

Blockchain investigator ZachXBT alleges that the RaveDAO team is aware of who manipulated its RAVE token, which experienced an 11,000% surge followed by a 90% crash. On-chain data shows suspicious activity linked to centralized exchanges and RaveDAO team addresses, contradicting the project's denials. The token's market cap rapidly grew from $60 million to $6 billion before plummeting by $5.7 billion in just two days. ZachXBT highlighted a specific $23 million token transfer to Bitget addresses that preceded a 40% price drop, suggesting the team likely knows the responsible party given supply concentration.