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RAVE Coin crashes 95% in a day amid exchange probes into suspected price manipulation.

Market News
19 Apr 2026
Coinpaper
View Source
Bearish
pluang ai news

RAVE Coin's price plummeted nearly 95% within a day, falling from $26 to around $1, wiping out billions in market value. Investigations by exchanges Binance, Bitget, and Gate were launched after onchain data revealed that about 90% of RAVE Coin supply was controlled by a few wallets, suggesting possible price manipulation. The token had surged from $0.25 to over $27 in nine days before collapsing, triggering massive liquidations. RaveDAO denied involvement but plans to sell tokens for funding. The price continues to fall as investigations remain ongoing with no final conclusions yet.

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