Updated: 18.04.2026
- Zach XBT accused RAVE insiders of first raising the token’s price and then crashing it.
- RAVE’s price rose by around 1,200% before falling sharply, causing concern in the market.
Blockchain analyst Zach XBT He accused insiders behind RaveDAO’s RAVE token in a coordinated pump-and-dump scheme after the cryptocurrency’s price surged over the past week.
In a post on social media X, he stated that the activity originated on the Bitget exchanges, Binance and Gate, and called on the platforms to investigate the trade and remove all those involved. Zach XBT also said insiders control more than 90% of RAVE, raising new concerns about market integrity and risks for retail investors.
We cannot allow such blatant market manipulation by insiders, wrote Zach XBT.
He also offered a reward for anyone who provided useful information. Initially, it was $10,000, but later it grew to $25,000.
The accusations come after one of the biggest price surges in tokens on the market this month. According to According to CoinMarketCap, RAVE’s price has risen by approximately 1,200% from $2,10 to $27,88. Its all-time low was $0,2063 on March 12 and its all-time high was $27,88 on April 18.
At the time of writing the article token traded at $11,52, down 31,34% in the past 24 hours since its previous surge. The sharp pullback fueled concerns that the rally may have been driven by speculative trading rather than genuine market demand.
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