18.04.2026 08:25

Here's a rewritten version of the news article, incorporating the key details and using varied sentence structures, while avoiding the specified source:

**RAVE Coin Experiences Dramatic Surge, Sparking Pump-and-Dump Suspicions and Calls for Exchange Investigation**

The native token of RaveDAO, RAVE coin, witnessed a remarkable price increase of over 44% on Saturday, April 18th, captivating the attention of the cryptocurrency market. However, this sudden and substantial rally has simultaneously triggered concerns regarding potential market manipulation, specifically a pump-and-dump scheme orchestrated by insiders. Prominent crypto investigator ZachXBT has publicly voiced these anxieties, raising serious questions about the legitimacy of the recent price action.

According to ZachXBT’s recent analysis shared on social media, the RAVE coin has exhibited an extraordinary price surge, escalating by a staggering 10,383% over the past month. While some early investors may have benefited from this unprecedented growth, the sheer magnitude of the increase has prompted scrutiny and fueled speculation about possible illicit activity. The rapid ascent, defying typical market trends, has led to a widespread questioning of whether the price was artificially inflated.

Addressing the situation directly, ZachXBT has urged the leadership of major cryptocurrency exchanges, specifically Bitget CEO Gracy Chen and Binance Co-founder Yi He, to take immediate action. He implored them to initiate internal investigations and remove any individuals responsible for the alleged manipulation. Adding further incentive for information to surface, ZachXBT has offered a $10,000 reward for credible whistleblowers who can provide evidence related to the individuals involved in the suspected price manipulation of RAVE coin. He emphasized the importance of protecting retail investors from what he describes as "blatant market manipulation" by insiders who reportedly control over 90% of the token's support.

This developing situation arrives amidst heightened scrutiny within the cryptocurrency space, as another project, WLFI (backed by Donald Trump), is currently facing its own allegations of fraudulent activity. The concerns surrounding RAVE coin emerged shortly after RaveDAO itself cautioned users about increased market volatility earlier in the week, advising prudence, especially when utilizing leveraged trading positions.

Further investigation reveals a significant concentration of RAVE coin ownership. Data obtained through on-chain tracking tools, and highlighted by an X user, indicates that approximately 95.3% of the total RAVE coin supply is held by the RaveDAO team. This substantial control by a relatively small group raises further questions about the potential for insider influence and the vulnerability of the token to manipulative practices, with a further 3.1% held by an unknown entity.



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