TechFlow 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.
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