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**🚨 RAVE Pump & Dump Scandal – Crypto’s Latest Reality Check**
$RAVE just delivered one of the wildest rides in crypto: from ~$0.25 to $28 in days (over 11,000% pump), then a brutal 90%+ crash in hours, wiping out billions in market value.
On-chain detective ZachXBT exposed the alleged scheme — insiders reportedly controlled 90%+ of supply via team wallets, coordinated the hype across Binance, Bitget & Gate.io, then dumped on retail. He’s offering a $25k bounty for whistleblowers. Exchanges have launched investigations.
RaveDAO team denies involvement, but the extreme concentration and timing scream classic pump-and-dump.
Lesson for degens: Insane pumps without real utility or fair distribution almost always end in tears. DYOR, check tokenomics, avoid FOMO. The music stops fast — and most holders get rugged.
Stay safe out there. Crypto rewards the cautious, not the greedy.
#AltcoinsRallyStrong
$RAVE