Binance and Bitget jointly investigate RAVE changes, RaveDAO urgently denies manipulation accusations

**What is the event? ** The RAVE token has recently experienced violent and abnormal fluctuations. Binance and Bitget, two major exchanges, have officially launched investigations, suspecting market manipulation. Faced with doubts, the project team RaveDAO issued an emergency statement and firmly denied participating in any pulling or selling operations.

**Why is it important? ** It is unusual in the industry for exchanges to proactively investigate abnormal token transactions. This usually means that the fluctuations have exceeded the normal range and hit the risk control red line. The fact that the two major platforms took action at the same time indicates that the situation is serious and may involve typical manipulation techniques such as "pump and dump". The results of the investigation will directly affect RAVE's survival on relevant exchanges, and may even face delisting.

Impact on retail investors For ordinary users who hold or follow RAVE, the current priority is to avoid risks. Before the results of the investigation are released, the price of the token may continue to fluctuate violently or even return to zero. It is recommended to stay away from relevant trading pairs and never blindly buy lows. If you are already on the bus, please pay close attention to the official announcement of the exchange and be prepared that your assets may be frozen or unable to be traded.

When trading, don’t forget that rates vary from platform to platform. If you want to save some handling fees, you can compare prices on websites like CoinRebate, which can help you optimize transaction costs.

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This article was edited by CoinRebate AI, data source: CoinTelegraph