Cryptocurrency Market Manipulation Allegations Emerge as RAVE Token Project Faces Scrutiny

A new wave of market manipulation allegations has hit the cryptocurrency scene with prominent on-chain investigator ZachXBT accusing the RAVE token project of orchestrating a pump-and-dump scheme.

The investigation, which includes detailed blockchain analysis, reveals that a coordinated group allegedly controlled over 90% of RAVE's circulating supply to execute what appears to be a classic pump-and-dump scheme.

Major cryptocurrency exchanges including Bitget, Binance, and Gate.io have been called upon to investigate the allegations, with the incident marking another significant test for cryptocurrency market integrity mechanisms in 2025.