RAVE Token Plunges 90% in 24 Hours Amid Exchange Investigations
A staggering $5.7 billion in market capitalization vanished within 48 hours, sparked by a 90% crash of RaveDAO's RAVE token following investigations by Binance and Bitget into unusual trading patterns that briefly propelled the token to a $6 billion market cap. The probe, confirmed by Bitget CEO Gracy Chen and Binance co-CEO Richard Teng, was prompted by on-chain analyst ZachXBT's allegations, wh…
April 19, 2026, 2:28 p.m.