{"id":71394,"date":"2026-04-20T07:20:22","date_gmt":"2026-04-20T07:20:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ravedao-token-crashes-below-1-after-zachxbt-exposes-price-manipulation\/"},"modified":"2026-04-20T07:20:22","modified_gmt":"2026-04-20T07:20:22","slug":"ravedao-token-crashes-below-1-after-zachxbt-exposes-price-manipulation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ravedao-token-crashes-below-1-after-zachxbt-exposes-price-manipulation\/","title":{"rendered":"RaveDAO token crashes below $1 after ZachXBT exposes price manipulation"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>RaveDAO token plunged 95% from $26 to under $1.<\/li>\n<li>RAVE launched in December 2025 on Binance Alpha.<\/li>\n<li>ZachXBT\u2019s on-chain analysis also highlights MemeCore, River and MYX among questionable projects.<\/li>\n<\/ul>\n<p>RaveDAO (RAVE) has plunged below $1, erasing more than 95% of its earlier rally to an all-time high of $26.<\/p>\n<p>The sharp decline follows an investigation by blockchain analyst ZachXBT, which alleged clear signs of price manipulation.<\/p>\n<p>The findings have raised broader concerns about potential insider-driven schemes affecting multiple tokens listed on centralised exchanges, contributing to selling pressure across the segment.<\/p>\n<h2>RaveDAO token dumps amid ZachXBT\u2019s explosive allegations<\/h2>\n<p>ZachXBT, a pseudonymous investigator celebrated for dismantling multimillion-dollar crypto frauds, took to X on April 18, 2026, to dissect RAVE\u2019s suspicious trajectory.<\/p>\n<p>He pinpointed concentrated wallet activity controlling the token\u2019s liquidity, engineering artificial pumps to trap retail buyers before orchestrated dumps.<\/p>\n<p>\u201cRAVE launched in Dec 2025 on Binance Alpha with a 1B total supply. The addresses below, linked to the initial distribution, control ~95% of the RAVE supply,\u201d the on-chain sleuth posted.<\/p>\n<p>Labelling it a textbook \u201cpump-and-dump,\u201d ZachXBT offered a $25,000 bounty for transaction proofs, urging platforms like Binance, Bitget, and Gate.io to launch probes.<\/p>\n<p>He notes that the exchanges acknowledged his call, a move that could mirror past successes in securing refunds and bans.<\/p>\n<p>Yet ZachXBT questioned why CEXs have waited for his call to acknowledge potential manipulation.<\/p>\n<p>\u201cWhile it\u2019s good the exchanges responded, I find it unlikely this activity wasn\u2019t spotted internally before I raised it publicly.\u201d<\/p>\n<p>RAVE\u2019s price carnage unfolded mercilessly, plummeting from $26 to under $1 within 24 hours, with trading volume surging amid mass liquidations.<\/p>\n<p>Billions of dollars in market cap vaporised, leaving holders stunned. The declines saw the token\u2019s value drop to lows of $0.50, where it hovered as of writing on April 20, 2026.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update: Three hours ago multisig 0x53d7 linked to the RAVE initial distribution which I flagged above sent ~23M RAVE ($23M) to two Bitget deposit addresses and the price dropped 40% from $1 to $0.6.<\/p>\n<p>Deposit addresses<br \/>0x26aC542f5a04D574580881723224DAcD1EDB9B45\u2026 <a href=\"https:\/\/t.co\/Qi1asiFWsB\">pic.twitter.com\/Qi1asiFWsB<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/2046011784742801815?ref_src=twsrc%5Etfw\">April 19, 2026<\/a><\/p>\n<\/blockquote>\n<h2>ZachXBT also hits other tokens<\/h2>\n<p>The potential price manipulation extends to similar tokens.<\/p>\n<p>\u201cRAVE is not the only token with manipulation we have seen on major centralized exchanges,\u201d he posted.<\/p>\n<p>\u201cIt\u2019s just the most blatant, reaching a top 15 market cap within 10 days before dropping 95% in hours. Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.\u201d<\/p>\n<p>According to ZachXBT, all projects have exhibited \u201chighly questionable price action\u201d and supply dominance by the team.<\/p>\n<p>MemeCore, RIVER and PIPPIN prices echoed the Rave token bleed, dumping double digits to erase recent gains.<\/p>\n<p>Some retail traders commented on ZachXBT\u2019s post, noting this could be an opportunity to short. His response:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I do not recommend shorting manipulated tokens with a high insider concentration.<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/2046069399141191933?ref_src=twsrc%5Etfw\">April 20, 2026<\/a><\/p>\n<\/blockquote>\n<p>Data on CoinMarketCap showed M, River and Siren were down 7-9% in the past 24 hours as of writing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ravedao-token-crashes-below-1-after-zachxbt-exposes-price-manipulation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) RaveDAO token plunged 95% from $26 to under $1. RAVE launched in December 2025 on Binance Alpha. ZachXBT\u2019s on-chain analysis also highlights MemeCore, River and MYX among questionable projects. RaveDAO (RAVE) has plunged below $1, erasing more than 95% of its [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":71395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71394"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71394"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71395"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}