The RAVE controversy is now one of the most significant market integrity matters in recent crypto history resulting in three major exchanges Binance, Bitget and Gate conducting formal investigations into allegations of manipulation. That development comes amid ongoing scrutiny from on-chain analyst ZachXBT, who declared that insiders had orchestrated a price distortion worth “hundreds of millions.” An estimated $6.3 billion has been wiped out in market capitalization! What started as a meteoric rise in value devolved almost immediately into a blatant case of runaway volatility, prompting deep fears over fundamental market manipulation. A Timeline Of The Collapse That Rocked The
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