Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token
Burns Brief
The on-chain sleuth cited "suspicious" exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The on-chain sleuth cited "suspicious" exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back.
Key Takeaways
- The on-chain sleuth cited "suspicious" exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back