Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token
Crypto

Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token

CoinDesk·2h ago·Suspicion

What Happened

Blockchain investigator ZachXBT claims RaveDAO team knows who manipulated its token price after an 11,000% surge followed by 90% collapse. ZachXBT identified suspicious exchange activity on April 26 linked to RaveDAO addresses and a $23 million token transfer causing 40% price drop. RaveDAO denies involvement but ZachXBT argues team must know perpetrators given supply concentration and initial distribution control.

Key Entities

ZachXBTRaveDAORAVE tokenBitget11,000% surgeApril 26

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