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RAVE Token Plummets 98% After Surging Nearly 100-Fold, Binance and Bitget Investigate Market Manipulation Suspicions

2026/04/20 15:30 (Updated 2026/04/21 07:01)
CoinPost
Written by N.Koda
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RAVE Token Plummets 98% After Surging Nearly 100-Fold, Binance and Bitget Investigate Market Manipulation Suspicions

Potential Pump and Dump

Major cryptocurrency exchanges Binance and Bitget announced on the 18th that they have commenced an investigation into the trading activities of the RaveDAO governance token RAVE, following emerging suspicions of market manipulation. This investigation was prompted by allegations from on-chain investigator ZachXBT, who reported that insiders might have been involved in pumping and dumping RAVE.

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.