
ZachXBT said RAVE plunged 95% in 24 hours from $26 to $1, while alleged concentration of supply across linked addresses raised fresh concerns about market manipulation.
RAVE fell 95% in 24 hours from $26 to $1, according to ZachXBT, who also said the token saw $52 million in liquidations that wiped out a $6 billion market cap. He offered a $25,000 bounty for information related to the alleged manipulation and claimed that nine linked addresses control about 95% of the circulating supply. The new figures represent a sharp escalation from earlier reported liquidation totals and deepen scrutiny over possible insider-driven market abuse.