According to RaveDAO’s official statement on X, the team denied involvement in the recent RAVE price volatility while outlining possible token lockups and token sales under its TRS mechanism.
RaveDAO said in an official statement on X that it was not involved in the recent volatility in RAVE’s price. The team added that it may consider price- or performance-based token lockups and may sell part of its unlocked tokens through its TRS mechanism to fund operations, hiring, marketing, and strategic investments. RaveDAO also said that 20% of event profits have been used for charity. The statement follows a sharp market move in which RAVE briefly fell below 18 USDT on OKX before rebounding to 18.76 USDT.