RaveDAO's RAVE fell 90% in 24 hours as Binance and Bitget opened probes into trading activity tied to the token's recent surge. The token had reached a $6 billion market cap last week before losing about $5.7 billion in 48 hours. ZachXBT's allegations centered on three wallets that held roughly 90% of the 1 billion RAVE supply and sent millions of tokens to exchanges before the rally.