PANews April 18 news, on-chain detective ZachXBT previously stated that the "Pump and Dump" behavior of the RAVE token originates from three cryptocurrency exchanges. In response, Binance co-CEO Richard Teng stated on the X platform: "Thank you, ZachXBT, for reporting this matter to Binance. We are currently investigating and will always fulfill our responsibilities by investigating all market misconduct."

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