ZachXBT: RAVE’s initial allocation multisig address has deposited another 23 million tokens to Bitget.
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ZachXBT: RAVE’s initial allocation multisig address has deposited another 23 million tokens to Bitget.
According to crypto investigator ZachXBT, three hours ago, the multisig address 0x53d7—previously linked to RAVE’s initial allocation—sent approximately 23 million RAVE tokens (valued at $23 million) to two Bitget deposit addresses. Subsequently, the RAVE price dropped 40% from $1 to $0.60. Earlier, ZachXBT accused the RAVE token of a “pump-and-dump” scheme, suggesting the origin likely involved three centralized exchanges (CEXs), and offered a $25,000 bounty for leads. ZachXBT also listed a set of addresses, claiming these initial-allocation-related addresses control roughly 95% of the total RAVE supply.
Navigating Web3 tides with focused insightsTechFlow News: On April 20, crypto investigator ZachXBT reported that three hours earlier, the multisig address 0x53d7—previously linked to RAVE’s initial distribution—sent approximately 23 million RAVE tokens (valued at $23 million) to two Bitget deposit addresses. Following this transaction, the RAVE price dropped 40% from $1 to $0.60. Earlier, ZachXBT accused the RAVE token of a “pump-and-dump” scheme, suggesting the origin may involve three centralized exchanges (CEXs), and offered a $25,000 bounty for leads. ZachXBT also published a list of addresses, claiming these initial-distribution-related addresses collectively control roughly 95% of the RAVE supply.
