Investigator Accuses RaveDAO of Knowing Token Price Manipulator

A blockchain sleuth has come forward with allegations that the team behind RaveDAO is aware of the individual responsible for manipulating the price of its token. This claim comes after the token experienced an unprecedented 11,000% surge, followed by a rapid collapse. The investigator, ZachXBT, cited suspicious activity on centralized crypto exchanges linked to RaveDAO team addresses, contradicting the team's recent statements. The team had claimed they were not involved in the price manipulation, but ZachXBT argues that given the concentrated supply, the team must know who is responsible. The token's price had risen from $0.25 to $27.33 in nine days, before plummeting over 90% and losing $5.7 billion in market capitalization. The investigator also expressed skepticism that the price movement was organic, given the token's low utility and the team's handling of the initial distribution. Furthermore, ZachXBT stated that RAVE is not the only token with suspected manipulation on major centralized exchanges, but rather the most blatant case.