[RaveDAO Responds to RAVE Price Controversy: Denies Price Manipulation, Plans to Sell Tokens for Operations] Foresight News reports that RaveDAO has issued an official statement addressing recent rumors and accusations surrounding the RAVE token, denying any involvement or manipulation of recent price movements. The team stated that it will sell a portion of unlocked tokens at an appropriate time according to the token release schedule (TRS), with the proceeds to be used for operations, global recruitment, marketing, strategic acquisitions, and charitable projects. Additionally, the team is exploring price-triggered or performance-triggered locking mechanisms tied to ecosystem growth to ensure alignment between team incentives and community interests. RaveDAO positions itself as the connective layer between Web3 and real-world music events, currently donating 20% of all event profits to charity.