Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token

The on-chain sleuth cited "suspicious" exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back. What to know : Blockchain investigator ZachXBT alleges that the RaveDAO team is at least aware of who manipulated its RAVE token, which surged 11,000% before crashing more than 90%. He says on-chain links between RaveDAO team addresses and suspicious centralized exchange activity contradict the project’s public denials of involvement in the token’s extreme price action. The RAVE token’s market value reportedly jumped from about $60 million to $6 billion in nine days before losing roughly $5.7 billion in 48 hours, which ZachXBT calls highly unlikely to have occurred organically.