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The initial allocation of RAVE associated with the multi-signature address charged 23 million tokens to Bitget, followed by a price drop of 40%.

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PANews
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2 hours ago
AI summarizes in 5 seconds.

PANews April 20 news, according to crypto detective ZachXBT monitoring, three hours ago, the previously mentioned multi-signature address 0x53d7 associated with the initial distribution of RAVE sent approximately 23 million RAVE (23 million USD) to two Bitget deposit addresses, after which the price of RAVE dropped 40% from 1 USD to 0.6 USD.

Previous news, ZachXBT accused the RAVE token of "pumping and dumping" and claimed the source was suspected to come from three CEXs, offering a reward of 25,000 for clues; ZachXBT also listed a group of addresses, stating that these addresses related to the initial distribution controlled approximately 95% of the RAVE supply.

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