Blockchain Investigator Alleges RaveDAO's Awareness of Token Price Manipulation

A renowned blockchain investigator, ZachXBT, has accused the RaveDAO team of being aware of the individual responsible for manipulating the price of its token, which experienced an unprecedented 11,000% surge followed by a drastic collapse. The investigator cited suspicious activity on centralized exchanges tied to RaveDAO team addresses, contradicting the team's recent statements. RaveDAO had previously denied any involvement in the price manipulation, stating that they were not responsible for the recent price action. However, ZachXBT argued that given the concentrated supply, the team must be aware of the party responsible for the price movement. The RaveDAO token had increased from $0.25 to $27.33 in nine days, only to plummet by over 90% and lose approximately $5.7 billion in market capitalization within 48 hours. The investigator also highlighted that RAVE is not an isolated case of token manipulation on major centralized exchanges, but rather the most blatant example.