RAVE Coin Price Surge Raises Market Manipulation Concerns

The price of RAVE coin skyrocketed by over 44% in a single day, sparking concerns about market manipulation. This rapid increase in value has left many investors wondering if the token's sudden surge is a result of legitimate trading activity or something more sinister.

Crypto sleuth ZachXBT has been investigating this matter and believes that an insider pump-and-dump scheme may be at play. According to X, he claims that the RaveDAO team controls over 90% of the token's support, which could potentially be used for market manipulation.

The incident has prompted calls for investigation from Binance and Bitget officials, who have been asked to launch an internal probe into the matter. ZachXBT is also offering a $10,000 bounty for any whistleblowers who can come forward with evidence of involvement in the price manipulation.