Binance and Biget to probe RAVE’s 4,500% token surge as claims of insider-orchestrated rally grow

What Happened

Binance and Bitget have launched investigations into RaveDAO's RAVE token after analyst ZachXBT alleged insiders orchestrated a short squeeze driving a 4,500% rally. The surge liquidated $44 million in positions within days. Investigators noted 90% token concentration in three wallets and suspicious exchange transfers preceding the rally.

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