ZachXBT: Investigation into RAVE causing huge losses to retail traders Individuals without RAVE holding positions

According to a "chain detective" ZachXBT published an article on platform X reviewing the previous disclosure of suspected market manipulation in RAVE. He said that the RAVE token dropped from US$26 to US$1 in the past 24 hours. After calling on Binance, Bitget, and Gate to investigate abnormal transactions, relevant platforms have responded publicly one after another.<br /> ZachXBT pointed out that RAVE was launched in December 2025, with an initial total supply of 1 billion pieces, of which about 95% are controlled by a few addresses, which poses a high concentration risk. It found that some wallet addresses related to the RaveDAO team had suspicious centralized exchange activity in April, or conflicts with the team's statement that it "did not participate in price fluctuations." In addition to RAVE, many tokens such as SIREN, MYX, and COAI have also shown similar suspicious trends recently.<br /> ZachXBT said it recognized the huge losses caused to retail traders by exposing such behavior, but still planned to investigate similar fluctuations in an attempt to find out the responsible party, and reiterated that individuals did not have RAVE positions, and if they held positions, they would be liquidated, and it was impossible to predict whether or when the exchange would make public comments.