RaveDAO-linked wallets dump 23M RAVE worth $24M to Bitget as token slides another 35% under exchange probes
wublockchain.xyz •
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Promote with Leviathan NewsArkham tracked RaveDAO-linked addresses sending ~23M RAVE (~$24.3M) to Bitget in two transfers earlier today, with spot dropping another 35% as the flow hit the book. The dump lands a day after RAVE collapsed ~90% when Binance and Bitget opened manipulation probes — ZachXBT had flagged ~90% of supply sitting in three team-linked wallets following the token's 5,600% week-long pump. Insiders appear to be cashing out while liquidity still lets them, confirming the thesis for everyone who got liquidated on the short squeeze.
TLDR by @Benthic
More coverage
- RaveDAO (RAVE) Surges 180% to Record High: Why Are Analysts ... (bitget.com)
- RaveDAO (RAVE) Scandal: $23M Was Dumped Before the Drop (binance.com)
- Binance and Bitget to investigate Rave token market manipulation ... (dlnews.com)
- RaveDAO $RAVE pulled off a +250% move in 24 hours… And now ... (x.com)
- RAVE Token Surges 4,000%: What is RaveDAO and How to Trade It? (cryptoticker.io)
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