RaveDAO's RAVE token collapses 90% in a day as exchange probes widen

What Happened

RaveDAO's RAVE token collapsed 90% in 24 hours as Binance, Bitget, and Gate.io launched investigations into suspicious trading activity. The token plummeted from $6 billion market cap to near-zero following allegations of market manipulation. Onchain investigator ZachXBT flagged concentrated token holdings and suspicious exchange transfers preceding the dramatic rally.

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