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A summary of the RAVE -95% price fluctuation from $26 to $1 over the past 24 hours.
RAVE Timeline: April 18, 2026
7:26 am UTC: I posted a call to action for Binance, Bitget, & Gate to investigate RAVE market manipulation and offered a $10K bounty.
10:56 am UTC: I posted an update increasing the bounty to $25K.
11:18 am UTC: Bitget publicly acknowledged the call to action.
2:08 pm UTC: Binance publicly acknowledged the call to action.
3:06 pm UTC: RaveDAO posted claiming they have no involvement.
4:19 pm UTC: Gate publicly acknowledged the call to action.
In the days leading up, on April 13 & 14, I confronted RaveDAO co-founder Yemu Xu (wildwoomoo) but have yet to receive an answer.
RAVE launched in Dec 2025 on Binance Alpha with a 1B total supply. The addresses below, linked to the initial distribution, control ~95% of the RAVE supply (h/t Mlm):
0x9831156F1a6E506Fca41503590b42F07c2e80f54
0x8Ed6245C3276307E1A9D9Dc872E98A0E770070fd
0x6020656d1EF182173E45D4Fc375BDD5a48c674B0
0x2664cB80a5ee7D8EC05fe7C752dD62E078056E6d
0x2D81F8AeBf3e58A5e638006c9fd8F38C5220ecab
0x31694d761A8e851cFFbCd286aC54D01e5Ce5aFe6
0x0A1F07993a51CcEb4f52CA67765AECeADDA790d7
0xEB74Df8588cFC1C179Df4bd96C0bB8B227B9bE92
0x53d7d52301366DC14E1916b14eFeC1aDD8F3487b
I found suspicious CEX activity in April 2026 tied to RaveDAO team addresses onchain, which potentially contradicts their recent statement:
Bitget
0x2dc20f2180582172f5450c5d71e23fa438a7031b
0xa3a02aeb97fc1737c66f50d07d024799c137891d
0x2d95eb42525e6087e0cb7869f98da6838ed2e743
Gate
0x31711246b05d71e9eda5e38a3abb654020ee3353
Given the supply concentration, the team at minimum knows who is responsible for this price action.
A simple litmus test: $6B in market cap was wiped out on just $52M of 24hr liquidations (h/t CoinGlass). That ratio points to a manipulated and unsustainable valuation.
RAVE is not the only token with manipulation we have seen on major centralized exchanges. It's just the most blatant, reaching a top 15 market cap within 10 days before dropping 95% in hours.
Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.
Exchanges need faster intervention on manipulation. Detection at scale isn't easy, but each day of delay means retail traders absorb losses while platforms collect fees on the volume. The outcome is the same regardless of intent.
While it's good the exchanges responded, I find it unlikely this activity wasn't spotted internally before I raised it publicly.
I recognize how much this behavior takes from retail traders, and I plan to investigate similar movements in hopes of identifying the responsible parties.
I want to reiterate that I did not take a position. If I had, I would have been liquidated myself. I also could not anticipate if or when the exchanges would comment publicly.
My $25K bounty will remain active since the only DMs received were unverified claims rather than non-public information with supporting evidence as requested.
The $BNB chain just got more interesting
@Binance just integrated @Aster_DEX perps directly into Binance Wallet
Crypto, memes, stocks, commodities — all from your wallet
Trade anything, from anywhere, with full privacy
$ASTER is the backbone of all of this
This is a $GENIUS move by the teams
Binance Super Cycle is inevitable
See y’all at the $RAVE 🔥
So.. here is what happened
@tplr_ai founder took offense to some actions made by #bittensor co-founder @const
He/they then made the decision to announce they are leaving the #Bittensor network
In the process.. then made the incredible decision to dump 37,000 $TAO worth of subnet alpha tokens across Grail, Basilica and Templar
A move that has completely destroyed the investments of everyone who followed and trusted these guys over the past few months/year
Expecting anyone to follow you elsewhere after making such an incredibly irrational and dumb decision that screwed all your investors by nuking the token yourself.. good luck
This, imo.. looks like a rug for max extraction
Maybe that's wrong but that's exactly how it looks to me..
Its a massive fucking shame after Templar had the largest public exposure of any subnet to date, thanks to positive breakthroughs in pretraining
I cannot express how disappointed I am in all this
#Bittensor will grow stronger..
It always does
$TAO
1/ Recently an unnamed source shared data exfiltrated from an internal North Korean payment server containing 390 accounts, chat logs, crypto transactions.
I spent long hours going through all of it, none of which has ever been publicly released.
It revealed an intricate ~$1M/month scheme of fraudulent identities, forged legal documents, and crypto-to-fiat conversion.
Enjoy the findings!
I'm liking this #HYPE chart
outperforming the market
Nice bullish structure since January
16% decline with Successful retest of key support $35 giving an entry
TP at $48
SL at $33
₿REAKING: Jack Dorsey’s technology company @Blocks announced today a new ‘bitcoin faucet’ website https://t.co/sMRqQFut9G that goes live on April 6. The original in 2010, gave away five bitcoins to every site visitor promoting education, that would be $350,000 today.
haven't done any video updates for a while so thought id share my thoughts on #btc over the next few weeks.
at this point it is lookin like we will be sweeping these lows again but will be looking to bid
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Be honest—
How many of these do you actually use?