ZachXBT Flags RAVE Pump-and-Dump as Bitget Starts Review
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On-chain investigator ZachXBT accused RaveDAO insiders of a coordinated pump-and-dump across major CEXs (Binance, Bitget, Gate.io) and urged exchanges to review trading, noting insiders control most of the token supply. RAVE spiked ~1,200% in one week; on-chain red flags include extreme wallet concentration, very low float and no audit, raising security and market-manipulation risks for crypto investors. Bitget has opened a probe; the episode threatens token credibility and highlights CEX/DeFi oversight, audit and adoption concerns in the crypto ecosystem.
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- ZachXBT accused RaveDAO insiders of a RAVE pump-and-dump and urged exchange reviews.
- Bitget began a probe after RAVE surged 1,200% in a week amid supply and flow concerns.
- Wallet concentration, low float, and no audit added to concerns around the RAVE rally.
On-chain investigator ZachXBT accused RaveDAO insiders of running a coordinated pump-and-dump scheme involving RAVE. The alleged activity took place across major centralized exchanges. The platform urged Binance, Bitget, and Gate.io to review the trading and disclose their findings.
Bitget Reviews RAVE as Price Surge Draws Scrutiny
In an X post, ZachXBT highlighted that insiders appear to control most of the token supply. He also said crime-linked tokens damage the crypto sector’s credibility.
Chief Executive Officer Gracy Chen said the exchange had already opened an investigation into RAVE. Her stateme…
Read The Full Article ZachXBT Flags RAVE Pump-and-Dump as Bitget Starts Review On Coin Edition.
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