RaveDAO denies RAVE token pump; investigations open

RaveDAO has denied any involvement in a recent pump-and-dump scheme concerning the RAVE token. The allegations were made by onchain investigator ZachXBT, who has also offered a substantial bounty for information leading to whistleblowers. Major cryptocurrency exchanges Binance and Bitget have reportedly opened investigations into the matter. This situation highlights ongoing concerns about market manipulation within the digital asset space and the efforts of investigators and exchanges to maintain market integrity.