Investigator Claims RaveDAO Aware of Token Price Manipulation

A blockchain sleuth has come forward claiming that the team behind RaveDAO is aware of the individual or entity responsible for the drastic manipulation of its token's price. The token in question experienced an unprecedented 11,000% surge, only to collapse shortly after. The investigator, ZachXBT, cited suspicious activity on centralized crypto exchanges tied to RaveDAO team addresses as evidence, contradicting the team's recent statements denying involvement in the price manipulation. The team had stated they were not engaged in or responsible for the recent price action, but ZachXBT argues that given the concentrated supply, the team must at least know who is responsible. The RaveDAO token had risen from $0.25 to $27.33 in nine days, reaching a market capitalization of $6 billion, before plummeting over 90% and losing approximately $5.7 billion in market capitalization within 48 hours. The investigator also expressed skepticism that the significant price movements went unnoticed by major centralized exchanges, suggesting it was highly unlikely they were unaware of the manipulation.