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RAVE Token Skyrockets by Nearly 100x Then Plummets 98% as Binance and Bitget Investigate Market Manipulation Suspicions

2026/04/20 15:30 (Updated 2026/04/20 18:00)
CoinPost
Written by N.Koda
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RAVE Token Skyrockets by Nearly 100x Then Plummets 98% as 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 investigations into the trading activities of the RaveDAO governance token RAVE, following emerging suspicions of market manipulation. This development comes in the wake of allegations by on-chain investigator ZachXBT, who reported that insiders might have been involved in pumping and dumping RAVE.

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