RAVE Token Plummets 90% in One Day Amid Exchange Investigations
A drastic 90% decline in the RAVE token's value occurred within 24 hours, resulting in a $5.7 billion loss in market capitalization. This downturn was triggered by investigations launched by cryptocurrency exchanges Binance and Bitget into unusual trading patterns that had propelled the token to a $6 billion market cap. The probe was confirmed by Bitget's CEO, Gracy Chen, and Binance's co-CEO, Ri…
April 19, 2026, 2:28 p.m.