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18/04/26 10:03 UTC-04

And finally, the dump happened: RAVE token crashes as Binance CEO speaks out

Cryptocurrency Cryptocurrency
Cryptocurrency And finally, the dump happened: RAVE token crashes as Binance CEO speaks out

Amid growing manipulation allegations surrounding the RaveDAO ($RAVE) token, one of the largest crypto exchanges, Binance, has issued a notable statement.

Co-CEO of Binance Richard Teng stated that insider manipulation allegations targeting $RAVE are being taken seriously. He confirmed that the exchange has launched an investigation, adding:
“We will always contribute to investigating any market misconduct.”

The statement comes after sharp price swings in $RAVE and accusations of a “pump and dump” scheme. Market participants warn that tight supply control and sudden price movements pose significant risks for retail investors.

The altcoin $RAVE, already known for extreme volatility, dropped around 60% today. However, it is still trading roughly 255% higher compared to its level at the beginning of last week.

Chart showing the rise and fall of the $RAVE token price.

See also: "Developers respond to manipulation allegations around the RAVE token"

#RaveDAO ($RAVE) #Binance

Editor: Yulia Krasnaya
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