RaveDAO's RAVE token collapses 90% in a day as exchange probes widen
Burns Brief
33 peak on Friday, wiping out more than $5 billion in market cap while Binance and Bitget investigations advance The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The token traded at $1.15 on Sunday, down from a $27.33 peak on Friday, wiping out more than $5 billion in market cap while Binance and Bitget investigations advance.
Key Takeaways
- 33 peak on Friday, wiping out more than $5 billion in market cap while Binance and Bitget investigations advance