We went short $RAVE … It’s the same pump and dump scheme as we saw $MYX and $COAI, and others.
Highly manipulated circulating supply on #CEXs, while the team takes short positions on #Perps, Market cap in top 20 cryptos, 33x price growth in 1 1/2 weeks, top 10 FDV, is nonsense. They have absolutely no traction in terms of community interest or PMF.
Volume already drastically declining, only a matter of time until they decide to squeeze the last bit of liquidity from buyers.
#CrimeSeason #Crypto #BTC #ETH
1/ We are aware of the rumors and accusations circulating regarding $RAVE and RaveDAO team. We want to be clear: RaveDAO team is not engaged in, nor responsible for, recent price action. We take transparency seriously and remain humbled by the attention, but our focus is on the mission: bringing mass adoption to Web3 through live events.
@binance We closed our short for a 30% gain in the price dump.
Hopefully CEXs pay closer attention to this type of criminal conduct and take actions to prevent retail traders from getting skimmed out by market manipulators.
#RAVE#CrimeSeason#Binance@binance
We went short $RAVE … It’s the same pump and dump scheme as we saw $MYX and $COAI, and others.
Highly manipulated circulating supply on #CEXs, while the team takes short positions on #Perps, Market cap in top 20 cryptos, 33x price growth in 1 1/2 weeks, top 10 FDV, is nonsense. They have absolutely no traction in terms of community interest or PMF.
Volume already drastically declining, only a matter of time until they decide to squeeze the last bit of liquidity from buyers.
#CrimeSeason #Crypto #BTC #ETH
@binance Should look deeper into $RAVE as it definitely harms the crypto community as a whole to have criminals manufacturing top 20 Market Cap coins through Binace Alpha at will, to then only dump it on its buyers. #Binance#BinanceAlpha
ZachXBT Discloses Insider Manipulation of RAVE Token; Offers $25K Bounty for Evidence
ZachXBT tweeted that the "pump and dump" activity for the RAVE token originated from Binance, Bitget, and Gate. ZachXBT noted that insiders control over 90% of RAVE's support, utilizing blatant market manipulation to extract value from retail investors. He called upon Binance co-founder He Yi and Bitget Managing Director Gracy Chen to conduct internal investigations and offboard the responsible actors. Bitget CEO Gracy subsequently responded, stating that an investigation into RAVE had begun. https://t.co/2jPpnQPBWo
Sorry for the crash out
But our industry is killing itself
CEXes used to onboard millions into crypto
Now they just extract as much as possible from their own users
They made $20M+ while their users got liquidated on a scam token
How do you manage billions and still have zero due diligence?
- 97% of supply owned by team
- 10h before the rally started, ~18.58M tokens moved to Bitget from deployer-linked wallets while price was still under $0.50$
- token got a fast track listing on Binance with aggressive perp leverage
- RaveDAO went from $40M to $6B Mcap (150x)
- no info about team members, business, money flow
- 35x more liquidations than Solana!! (7% of Mcap liquidated lol)
How many more red flags do you want???
Why aren't you protecting your own users?
@star_okx@GracyBitget@heyibinance@BC_KuCoin@Han_Gate
cc: @zachxbt
Binance should act on this blatant market fraud and manipulation taking place mainly on its exchange on #Rave . Top 16 Market Cap of all Crypto, up 10,030% in the last month, while 80%+ of the accounts hold short positions on its Perps contract.
The accounts behind this should be investigated and sanctioned.
It’s a shame and that’s why crypto is still not taken seriously.
#CrimeSeason #Binance #BinanceAlpha @binance
Pump and dump activity for $RAVE originated on @bitget@binance@Gate
Call to action for both @heyibinance@GracyBitget to do better and launch internal investigation offboarding the responsible actors.
Offering up to $10K bounty of my personal funds for whistleblowers to come forward privately to share evidence about parties involved
We cannot allow this blatant market manipulation by insiders controlling >90% RAVE support to further extract from retail investors.
Are they gonna pump it to 100 billion fdv out of sheer greed?. Doesn't really make sense at this point
$Rave is the most over bought piece of shit in the market right now. Deserves Zero
Binance should act on this blatant market fraud and manipulation taking place mainly on its exchange on #Rave . Top 16 Market Cap of all Crypto, up 10,030% in the last month, while 80%+ of the accounts hold short positions on its Perps contract.
The accounts behind this should be investigated and sanctioned.
It’s a shame and that’s why crypto is still not taken seriously.
#CrimeSeason #Binance #BinanceAlpha @binance
We went short $RAVE … It’s the same pump and dump scheme as we saw $MYX and $COAI, and others.
Highly manipulated circulating supply on #CEXs, while the team takes short positions on #Perps, Market cap in top 20 cryptos, 33x price growth in 1 1/2 weeks, top 10 FDV, is nonsense. They have absolutely no traction in terms of community interest or PMF.
Volume already drastically declining, only a matter of time until they decide to squeeze the last bit of liquidity from buyers.
#CrimeSeason #Crypto #BTC #ETH
In 7 days $RAVE went from $0.25 to over $11 (45x). Everyone is talking about the chart. Nobody is talking about what happened before that.
> RaveDAO is a Web3 music protocol. On-chain ticketing, crypto payments at raves, staking revenue from real events.
> Partners include Binance, OKX, Bitget, and Warner Music. Real product. Real revenue. $3M in 2025.
> Only 24% of the total token supply is actually in circulation.
> Pull up Arkham or Etherscan and look at who holds the rest.
> Three Gnosis Safe wallets, almost certainly team-controlled, holds 75.2%, 9.87%, and 4.67% of the entire supply.
> That is 90% of every $RAVE token in existence sitting with the project.
> When you expand to the top 10 wallets, concentration climbs to over 98%.
> Now here is the part nobody is talking about.
> Roughly 10 hours before the price exploded, wallets linked to the RaveDAO deployer quietly moved 18.58 MILLION tokens to Bitget.
> No announcement. No disclosure. Price still under $0.50.
> Ten hours later, the price started moving and it didn't stop.
> Open interest on $RAVE futures spiked past $200M. RSI pushed above 95. Daily volume hit $270 million, nearly the entire market cap at the time.
> 74% of Binance traders were short. $17 million in shorts got liquidated in a single day.
> That is not retail finding a gem.
> That is a short squeeze triggered on a low float token where the team controls 90% of supply and the exit was already staged on an exchange.
> The 752 million tokens still not in circulation are worth roughly $7.5 billion at current prices.
> The retail buyers at $8 and $9 thought they were early. They wern't.
> The ones who were early moved 18 million tokens to Bitget while nobody was watching.
And they still have 752 million more to sell.
We plan to invest in @flyingtulip_ ICO at a $1B FDV. Why? Here’s our thesis:
Flying Tulip represents an asymmetric risk long due to a rarely seen combination of institutional-grade backing, incentive-aligned token design, and a credible attempt to consolidate fragmented #DeFi infrastructure into a single capital-efficient platform.
1) First, the project is backed by serious institutional capital, raising $200M at a $1B FDV with participation from sophisticated trading and crypto-native firms. This reduces execution risk relative to typical DeFi startups and signals real conviction from players who understand market structure, risk engines, and liquidity at scale.
2) Second, its tokenomics fundamentally change the risk profile. $FT includes an on-chain redemption right (effectively a perpetual put) that allows holders to redeem their token for underlying collateral up to cost. This creates a clear downside floor, discourages reflexive sell-offs, and introduces a structural safety net rarely seen in crypto tokens.
3) Third, team incentives are unusually well aligned. The core team receives no free token allocation and is compensated via protocol-funded buybacks, meaning insiders only win if real usage, revenue, and volume grow — not from hype cycles or token dumping. On top of this, they are led by @AndreCronjeTech, who has repeatedly proven his ability to execute and deliver top notch results in the DeFi sector over the last decade.
4) Fourth, Flying Tulip’s unified architecture (spot, derivatives, lending, stablecoin, insurance under one margin system) targets one of DeFi’s biggest unresolved problems: capital inefficiency and fragmentation. If successful, this model can attract both advanced traders and institutions seeking maximize capital utilization with reduced operational complexity.
Finally, the setup offers asymmetric upside: if adoption remains limited, downside is structurally capped; if the platform gains traction as a core DeFi venue, $FT benefits directly from volume, fees, buybacks, and reduced circulating supply.
Bottom line: Flying Tulip is a high-ambition execution bet, but one where structural downside protection + aligned incentives + institutional backing create a risk-reward profile that strongly favors a long position relative to typical DeFi tokens.
DYOR: https://t.co/N5RG6b5UKz
#Crypto #BTC #ETH #DEX