RaveDAO Denies Manipulation Claims as RAVE Token Plummets 95% From Peak

Apr 19, 2026

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Key Takeaways:

RAVE collapsed 95% to $1.24 after RaveDAO denied claims of a manufactured 10,000% surge. Binance and Bitget CEOs launched probes into the 90% insider supply concentration and market misconduct. RaveDAO targets long-term growth and Nepal surgeries while investors weigh 2026 regulatory risks. Insider Allegations Rejected

The fallout has reached the highest levels of industry oversight. Binance CEO Richard Teng and Bitget CEO Gracy Chen have confirmed that their respective platforms have launched formal investigations into RAVE’s trading activity.

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