RaveDAO Surges to $27.94 ATH as ZachXBT Alleges Market Manipulation

Apr 18, 2026

< 1 min read

by Coin Edition

for CoinEdition

RaveDAO Surges to $27.94 ATH as ZachXBT Alleges Market Manipulation

AI Overview

RAVE hits $27.94 ATH after a 50% 24h surge and 18,308% gain in 4 months; market cap ~ $6.56B — KuCoin CEX listing and a violent short squeeze liquidated > $1M in shorts. Price pulled back to $26.48 as open interest spiked and forced liquidations added mechanical buying pressure, signaling acute short-term trading-driven token performance (crypto, token, market cap, short squeeze). Major risk: analyst ZachXBT alleges insiders control ~90% of supply with no co-founder reply, raising centralization, manipulation and security concerns that cloud long-term adoption and DeFi credibility.

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RAVE hits $27.94 ATH, surges 50% in 24 hours, up 18,308% in 4 months.
Short squeeze above $20 liquidates $1M shorts as KuCoin listing boosts demand.
ZachXBT alleges insiders control 90% of RAVE supply, with no reply from the co-founder.

RaveDAO hit an all-time high of $27.94 on Friday, up over 50% in 24 hours and with a market cap of $6.56 billion. The token has risen an extraordinary 18,308% from its all-time low of $0.14 set just four months ago in December 2025. At the time of writing, RAVE is trading at $26.48, pulling back slightly from its all-time high.

What Drove the Move

The immediate catalyst was a violent short squeeze. When RAVE broke above $20, it wiped out over $1 million in short positions in a single hour, a cascade of forced closures that added mechanical buying pressure on top of whatever organic demand existed. Open interest has now surpassed …

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