RaveDAO (a decentralized autonomous organization) reached a peak of $1.17 during a sharp rally that drew market attention and raised questions about potential insider activity.
Summary
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Terms & Concepts
DAO: A decentralized autonomous organization, a blockchain-based group governed by token holders through smart contracts.
Insider trading: Trading based on non-public information before it becomes widely known to the market.
Token rally: A rapid price increase in a cryptocurrency over a short period, often accompanied by heavy trading interest.