RAVE Token Plunges 95% After Alleged Insider Manipulation Claim
The post says the cryptocurrency lost $6.3 billion in market capitalization in one day, though the allegation is presented without supporting evidence in the source text.
Summary
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Terms & Concepts
Market capitalization: The total value of a cryptocurrency, calculated by multiplying its token price by circulating supply.
Insider manipulation: A claim that people with privileged access may have influenced trading or price movements for unfair advantage.
Cryptocurrency: A digital asset that uses blockchain-related systems or similar technology for transfer and ownership tracking.