ZachXBT reported that a cofounder of RaveDAO failed to respond before the token’s collapse, while blockchain data pointed to connections with exchange wallets.
RAVE experienced a dramatic سقوط over the past two days, dropping more than sixty percent within twenty four hours on Monday. This followed an earlier crash of roughly ninety five percent on Sunday, when the price fell from twenty six dollars to nearly one dollar, based on data shared by ZachXBT.
The decline came after a series of public warnings and exchange reactions that began on April eighteen. ZachXBT urged Binance, Bitget, and Gate.io to examine suspected market manipulation tied to the token. He initially offered a ten thousand dollar reward for information, later increasing it to twenty five thousand dollars the same day.
Details Behind the Collapse
Bitget responded publicly within hours, followed later by Binance and Gate.io. Meanwhile, RaveDAO denied any involvement in the suspected activity. ZachXBT revealed that he had reached out on April thirteen and fourteen to RaveDAO cofounder Yemu Xu regarding his concerns but did not receive any reply.
His analysis showed that RAVE, which launched in December 2025 on Binance Alpha with a total supply of one billion tokens, had a highly concentrated ownership structure. A cluster of wallets tied to the initial distribution reportedly controlled about ninety five percent of the total supply.
He also identified unusual activity on centralized exchanges during April involving wallets linked to the project. These included transactions connected to deposit addresses on Bitget and Gate.io. According to ZachXBT, the scale of the price drop did not match the recorded liquidations. Around six billion dollars in market value disappeared on approximately fifty two million dollars in liquidations within twenty four hours, suggesting a fragile and potentially unstable market structure.
In a later update, he noted that a multisignature wallet associated with the initial distribution moved about twenty three million RAVE tokens, valued at roughly twenty three million dollars, to two Bitget deposit addresses. Shortly after this transfer, the token’s price fell below sixty cents.
ZachXBT added that similar patterns have appeared in other tokens such as SIREN, MYX, COAI, M, PIPPIN, and RIVER. He clarified that he held no trading position in RAVE and confirmed that the reward for verified information remains available.
Concerns Over Coordinated Trading Activity
Another token attracting attention is BinanceLife. The asset rose to a market capitalization of about three hundred million dollars after a significant portion of its supply was withdrawn from Binance, according to on chain data.
Analytics firm Bubblemaps reported that fifteen wallet addresses withdrew approximately thirteen point eight percent of the total supply within two days. Many of these transactions occurred within closely matched timeframes, and the wallets involved had no prior transaction history, raising concerns about possible coordination.
BinanceLife, which launched in October 2025 as a meme token inspired by a joke from Yi He, had previously experienced short lived price spikes before losing momentum. The latest surge has drawn scrutiny due to the concentration of supply movements and speculation that a single entity could be behind the activity.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
