RaveDAO Responds to Market Manipulation Allegations: Denies Controlling Price Trends, Plans Token Sales at Opportune Times
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RaveDAO Responds to Market Manipulation Allegations: Denies Controlling Price Trends, Plans Token Sales at Opportune Times
RaveDAO responded to recent market concerns regarding RAVE’s price volatility, denying that the team has participated in or driven the token’s price movements and labeling related rumors as false. The DAO emphasized its ongoing commitment to project development. RaveDAO stated that its current strategy is long-term oriented, with plans to enhance incentive alignment between the team and the community through mechanism design—including exploring token lock-up models triggered by price or performance metrics. The team also disclosed that, per its Token Release Schedule (TRS), it will sell portions of already-unlocked tokens at appropriate times to fund operational expenses, global hiring, marketing initiatives, and strategic acquisitions. This statement implies an expectation of sustained selling pressure. Additionally, RaveDAO confirmed its continued allocation of a portion of revenues to public welfare: it has pledged to donate 20% of event profits and a portion of future operational profits to charitable causes. The project reiterated that its core objective is to build an on-chain entertainment and music ecosystem and drive Web3 user growth—not short-term price performance.
Navigating Web3 tides with focused insightsTechFlow reports that on April 19, RaveDAO responded to recent market skepticism surrounding RAVE’s price volatility, denying any involvement or leadership by the team in influencing the token’s price movement and labeling related rumors as false. The team emphasized its ongoing commitment to project development.
RaveDAO stated that it is currently focused on long-term growth and plans to strengthen incentive alignment with the community through mechanism design—including exploring token lock-up models triggered by price or performance metrics. The team also disclosed that, per its Token Release Schedule (TRS), it will sell a portion of already-unlocked tokens at appropriate times to fund operational expenses, global hiring, marketing initiatives, and strategic acquisitions. This statement implies an expectation of sustained selling pressure from the project team.
Additionally, RaveDAO confirmed its continued allocation of a portion of revenues toward charitable causes. It has pledged to donate 20% of event profits and a portion of future operational profits to charity. The project reiterated that its core objective is to build an on-chain entertainment and music ecosystem and drive Web3 user growth—not short-term price performance.
