RAVE Token Crash: How $6.3 Billion Vanished Overnight
There's no gentle way to put this. $RAVE just had one of the ugliest collapses we've seen all year.
RaveDAO — the token that was all over crypto Twitter last week after its near-vertical climb — went from $28.27 to roughly $1.10 in about 24 hours. That's a 95%+ drop. Nearly $6.3 billion in market cap, gone. Not over a week, not over a few days. Practically overnight.
If you were holding $RAVE when this happened, you already know the worst part: there was no time to react. Liquidity dried up faster than the price fell, which meant sell orders were either filling at catastrophic slippage or not filling at all. By the time most holders realized what was happening, the damage was already done.
Was the RAVE Crash Insider Manipulation?
So what actually triggered this? The short answer: it's looking more and more like the insiders got out while everyone else got stuck.
On-chain investigator ZachXBT flagged it almost immediately. Wallet data shows that addresses linked to the RaveDAO...
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