RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation
In brief RaveDAO’s little-known token erased $6.6 billion in market cap after ZachXBT called on exchanges to investigate whether RAVE was being manipulated. The token, which people can use to purchase tickets, reached a dizzying valuation over the course of two weeks before plummeting. Executives from Bitget, Binance, and Gate said they would investigate the…