PANews April 18 news, according to on-chain analyst Ai Yi's post on platform X, on-chain detective ZachXBT initially ignited the issue, Bitget responded and will launch an investigation, calling on other exchanges to follow suit. As a result, RAVE plummeted by about 35%, and strangely, Binance's RAVE contract OI (token-based) showed almost no change.

The suspected manipulators' address currently holds 750 million tokens, with a total value exceeding 8.2 billion USD, and the concentration of chips has reached 75%.

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