Binance and Bitget Launch Probe into RAVE Token's Massive 4,500% Price Surge Amid Insider Trading Allegations
Major cryptocurrency exchanges Binance and Bitget have initiated investigations into the recent trading activity surrounding RaveDAO's RAVE token, following allegations by on-chain analyst ZachXBT that insiders manipulated the market, leading to a significant short squeeze and a 4,500% price surge. Bitget's CEO, Gracy Chen, confirmed the exchange's investigation, while Binance's CEO, Richard Teng…
April 18, 2026, 4:46 p.m.