Crypto Shenanigans: $25K Bounty for RAVE’s Wild Ride!

by

Well, butter my biscuit and call me surprised! That scoundrel ZachXBT has gone and stirred the pot again, accusing a bunch of insiders of pullin’ a fast one with RaveDAO (RAVE) on them big-shot exchanges.

Seems this here token went hog wild, shootin’ up 5,600% in a week-from a humble $0.25 to a whopping $14.19-before comin’ back down to earth harder than a lead balloon. Mighty suspicious, if you ask me.

Insiders Sittin’ on a Gold Mine-90% of RAVE, to be Exact

ZachXBT claims these rascals, holdin’ more than 90% of RAVE’s stash, were up to no good on Binance, Bitget, and Gate. Manipulatin’ prices like a carnival barker, they were.

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…

– ZachXBT (@zachxbt) April 18, 2026

On-chain data shows $42 million in RAVE waltzed over to Bitget, only to have $32 million skedaddle right back out. Clever trick, that-baitin’ them short sellers like a fish on a hook. With no real sell pressure, the liquidations kicked in, and the price went skyward faster than a rocket on the Fourth of July.

RAVE racked up $30.6 million in derivatives liquidations in 24 hours-second only to them big dogs, Bitcoin and Ethereum. Talk about makin’ a splash!

ZachXBT’s hollerin’ for Binance and Bitget to get their houses in order, even tossin’ in $10,000 of his own coin for whistleblowers. The community, bless their hearts, chipped in another $15,000, bringin’ the bounty to a cool $25,000. That’s what I call puttin’ your money where your mouth is.

Bitget Finally Wakes Up and Smells the Coffee

After the hullabaloo, Bitget’s CEO, Gracy Chen, finally piped up. “We’re lookin’ into it,” she says. Well, it’s about time! Though whether they’ll actually do somethin’ remains to be seen.

thanks for highlighting! We’ve started investigating into $RAVE

– Gracy Chen @Bitget (@GracyBitget) April 18, 2026

ZachXBT’s urgin’ the crypto crowd to keep the heat on these exchanges. As for Binance and Gate, well, they’re still sittin’ on the fence, ponderin’ whether to join the party.

Meanwhile, RAVE’s takin’ a tumble, down 27% in the last 24 hours, tradin’ at $13.77 as I scribble this. Guess the party’s over, folks-for now.

Read More

2026-04-18 19:27