RAVE: -95% Price Collapse:
Full Timeline🤥
This is a summary of the $RAVE crash, based on data and findings shared by @zachxbt .
Over the past 24 hours, RAVE dropped from $26 to $1, wiping out around 95% of its value.
TIMELINE👉
April 18, 2026:
7:26 AM UTC
zachXBT posted a call to action for @heyibinance , @GracyBitget , and @Gate to investigate and offered a $10K bounty.
10:56 AM UTC
zachXBT increased the bounty to $25K.
11:18 AM UTC
@GracyBitget publicly acknowledged the call to action.
2:08 PM UTC
Binance publicly acknowledged the call to action.
3:06 PM UTC
@RaveDAO posted claiming they had no involvement.
4:19 PM UTC
Gate publicly acknowledged the call to action.
Earlier Context > April 13 & 14
In the days before this, zachXBT confronted RaveDAO co-founder Yemu Xu (wildwoomoo), but no answer was received.
Token Background:
RAVE launched in December 2025 on Binance Alpha with a 1B total supply.
According to the addresses linked to the initial distribution, around 95% of the RAVE supply appears to be controlled by the following wallets, per zachXBT:
0x9831156F1a6E506Fca41503590b42F07c2e80f54
0x8Ed6245C3276307E1A9D9Dc872E98A0E770070fd
0x6020656d1EF182173E45D4Fc375BDD5a48c674B0
0x2664cB80a5ee7D8EC05fe7C752dD62E078056E6d
0xEB74Df8588cFC1C179Df4bd96C0bB8B227B9bE92
0x53d7d52301366DC14E1916b14eFeC1aDD8F3487b
Gate:
0x31711246b05d71e9eda5e38a3abb654020ee3353
Given the supply concentration, the team at minimum likely knows who is responsible for this price action
Why This Looks Suspicious
A simple litmus test:
$6B in market cap was wiped out on just $52M of 24-hour liquidations. That kind of ratio points to a manipulated and unsustainable valuation.
This Is Bigger Than RAVE🚨
RAVE is not the only token with questionable manipulation on major centralized exchanges. It is just the most blatant example, 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, $AIA
