April 20, 2026·Bearish·community social

ZachXBT Alleges Illegal Trading, RaveDAO Token Plummets 90%

The RaveDAO ($RAVE) token has plummeted over 90% in three days, wiping out $5.0 billion in market capitalization. This significant price drop follows serious allegations made by on-chain sleuth @zachxbt. @zachxbt claims that illegal CEX trading activities are tied to the RaveDAO team.

Detected & updated continuously · Source: Nebula

Mentioned

RaveDAO (rave)

@zachxbt

Sources

@raremints_

😬 This is not a drill. $RAVE is down over 90% in three days. $5.0B in market capitalization wiped out. The big drop follows allegations by onchain sleuth @zachxbt into illegal CEX trading tied to the RaveDAO team. The CEO of exchanges such as @bitget, @binance, and @Gate, https://t.co/59nWbV0OJU