ZachXBT alleges RAVE token pump-and-dump, calls on exchanges to investigate

On-chain analyst ZachXBT has alleged a pump-and-dump price manipulation scheme involving the RAVE token. According to his allegations, a group of insiders controlled over 90% of the token's circulating supply to manipulate the market. ZachXBT stated that the trading occurred on exchanges including Bitget, Binance, and Gate, and called on them to conduct internal investigations and take action against those involved. He also offered a reward of up to $10,000 for whistleblowers with relevant evidence, hinting at the possibility of further disclosures.