RAVE token

ZachXBT, an onchain sleuth, demanded MemeCore justify its valuation and clarify insider-held token supply following the collapse of the RAVE token. The inquiry highlights concerns about transparency and market manipulation in the project.

RAVE token is forming a descending channel pattern and nearing a critical support level near $0.30, raising concerns about potential price manipulation and a possible 50% decline.

RaveDAO has denied involvement in a RAVE token price manipulation scheme as Binance and Bitget investigate. Onchain investigator ZachXBT accused the team of orchestrating a pump-and-dump scheme and is offering a $25,000 reward for evidence.