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RAVE token surges 1,200% amid allegations of pump-and-dump by insiders at RaveDAO.

Market News
18 Apr 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The RAVE token of RaveDAO, a blockchain-based music event project, surged 1,200% before crashing 24% after on-chain investigator ZachXBT accused the project of a pump-and-dump scheme controlled by insiders. ZachXBT offered a $25,000 bounty for whistleblowers and urged exchanges Binance, Bitget, and Gate.io to investigate. Bitget has started an internal probe. RaveDAO links live music events with blockchain participation and has tens of thousands of community members. The allegations and price volatility highlight risks in crypto tokens tied to emerging projects.

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