RaveDAO

2023-11-01

RaveDAO originates as a 200-person afterparty during a crypto conference in Istanbul.

2025-12-12

RAVE token launches on Binance Alpha and simultaneous listings on Binance, Bitget, MEXC, Gate.io, Kraken, WEEX, and Aster DEX. Opening price approximately $0.14–$0.58; trading volume exceeds $260 million within 24 hours. All-time low recorded at approximately $0.1428.

2026-04-09

Approximately 18.58 million RAVE tokens transferred from wallets linked to the initial token distribution to Bitget deposit addresses. RAVE is trading below $0.50.

2026-04-10

Spot price begins to accelerate upward; approximately $32 million in RAVE is withdrawn back on-chain over the following two days, removing apparent sell-side liquidity and triggering cascading short liquidations.

2026-04-13

RAVE has surged from approximately $0.25 to above $14 in roughly one week — a gain of more than 5,600%. CoinDesk publishes first major coverage of the rally. Open interest in RAVE futures exceeds $200 million.

2026-04-14

RAVE futures liquidations reach approximately $43–$44 million in a single 24-hour period, placing RAVE third behind only Bitcoin and Ethereum in daily liquidation volume. Short liquidations comprise approximately $17–$21.72 million.

2026-04-18

RAVE reaches its all-time high of approximately $27.33–$27.94, briefly producing a fully diluted valuation exceeding $6 billion. ZachXBT publishes investigation alleging insider-controlled supply manipulation and a 'bait and liquidate' scheme. RAVE begins a sharp reversal. Binance CEO Richard Teng and Bitget CEO Gracy Chen both publicly announce investigations. Gate.io also opens a review.

2026-04-19

RAVE collapses approximately 90% in a single day, erasing roughly $5.7 billion in market capitalization. Price falls to approximately $1.36. RaveDAO issues a six-part denial thread on X stating the team is 'not engaged in, nor responsible for, recent price action.'

2026-04-20

ZachXBT follows up, stating that an address used for RAVE's 'initial distribution' transferred approximately $23 million worth of RAVE to two Bitget deposit addresses, causing a 40% additional price drop from approximately $1 to $0.60. ZachXBT states the team 'at minimum knows who is responsible' and posts a $10,000 bounty for whistleblower evidence.

2026-04-21

RAVE has fallen approximately 95% from its all-time high. Community bounty raised to approximately $25,000 for proof of manipulation. ZachXBT criticizes Binance, Bitget, and Gate.io for being 'too slow to react.'

2026-05-01

ZachXBT names RAVE alongside RIVER, SIREN, and LAB as victims of Bitget-enabled market maker fraud, describing a coordinated playbook deployed across multiple tokens by an unknown market maker. He names Bitget chairman Shawn Liu as alleged behind-the-scenes enabler and characterizes the network as a 'Chinese CEX cartel.'

2026-06-04

RAVE trades at approximately $0.39–$0.82 (sources vary), representing a decline of approximately 97–99% from its all-time high. Market capitalization approximately $97–$115 million. No formal regulatory enforcement action against RaveDAO or its founders has been publicly announced.