RAVE Tokens Transferred to Bitget in Large On-Chain Transaction

A recent on-chain transaction has stirred up attention in the cryptocurrency community. On April 20, an address associated with the initial allocation of RAVE transferred approximately 23 million tokens to Bitget.

According to BlockBeats, this transfer was revealed by on-chain investigator ZachXBT and took place just three hours before his announcement.

The deposited tokens were sent to two Bitget deposit addresses: 0x26aC542f5a04D574580881723224DAcD1EDB9B4 and 0x64D6E91D0bd9cB7be44E1e627264539493f73c2b.

The value of the transferred RAVE tokens is estimated to be up to $23 million, based on current market prices. Following this significant transfer, the price of RAVE dropped by 40%, from $1 to $0.6 per token.