Binance Investigates Allegations of Insider Trading Surrounding RaveDAO Token

Binance, one of the largest cryptocurrency exchanges, has announced an investigation into allegations of insider trading surrounding the RaveDAO ($RAVE) token.

The move comes after a sharp price drop of 60% today, which follows significant fluctuations in recent days. The exchange's Co-CEO, Richard Teng, stated that all market abuses will be investigated.

The $RAVE token has been the subject of controversy due to its high supply controls and sudden price movements, which pose risks for individual investors.