At its peak, the RAVE trajectory drew attention and backlash from the community when it was found out that around 90% of the total supply was being controlled by insider wallets. This allowed for the manipulation, and popular on-chain investigator ZachXBT got on the case.
Other Cryptos That Have Performed Similarly To RAVEPrior to the RAVE market manipulation, other cryptocurrencies have come before it, where there have been clear signs of market manipulation. One of the most popular of these is the RIVER move, which saw the price go from around $1 to almost $90 at its peak. Just like RAVE, this move happened in the course of weeks as market makers squeezed the price upwards.
