Blockchain Investigator Accuses RaveDAO of Knowing About Token Price Manipulation

A renowned blockchain investigator, ZachXBT, has come forward with allegations that the team behind RaveDAO is aware of the individual or entity 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 linked to RaveDAO team addresses, contradicting the team's recent statements. The team had previously denied any involvement in the price manipulation, stating they were not responsible for the recent price action. However, ZachXBT argued that given the concentrated supply of the token, it is unlikely the team does not know who is behind the price manipulation. The RaveDAO token had risen from $0.25 to $27.33 in nine days, only to plummet by over 90% and lose $5.7 billion in market capitalization within 48 hours. The current price of the token is around $0.67. The investigator also noted that RAVE is not the only token to have experienced manipulation on major centralized exchanges, but it is the most blatant case.