[RaveDAO Responds to Market Doubts: Denies Involvement in RAVE Price Manipulation, Will Explore Incentive Lock-Up Mechanisms] According to a report by Jinse Finance, on April 18, RaveDAO posted on the X platform to address recent concerns surrounding the price fluctuations of the RAVE token, explicitly stating that the team has not engaged in market manipulation nor influenced price volatility. RaveDAO mentioned that in the future, it will explore token lock-up mechanisms triggered by price or performance metrics to align team incentives with ecosystem growth. Additionally, the team plans to sell a portion of unlocked tokens at an appropriate time in accordance with the established TRS mechanism to cover expenses such as operations, recruitment, marketing, and strategic investments. RaveDAO emphasized that the project's long-term goal is to drive large-scale adoption of Web3 through offline events and has committed to allocating a portion of its profits to charitable purposes. Currently, 20% of event profits have been directed to charity, and the team will continue to focus on product development, community building, and compliance efforts to promote the integration of on-chain entertainment with the real world.