RaveDAO (RAVE Token)
Summary
RaveDAO is a Web3 project that organized electronic music events and launched the RAVE token on Binance Alpha in December 2025. In April 2026, RAVE surged approximately 10,800% in nine days to a peak market cap near $6.6 billion before collapsing 95% within 48 hours, erasing roughly $5.7 billion in value. On-chain investigator ZachXBT alleged coordinated insider manipulation based on extreme supply concentration and suspicious pre-surge token transfers, prompting formal investigations by Binance and Bitget; RaveDAO denied any involvement.
Connected Entities
1 entitiesTimeline(11 events)
2023-11-01
RaveDAO originated as a 200-person afterparty at a crypto conference in Istanbul.
CryptoTimes2025-12-12
RAVE token launched on Binance Alpha at approximately $0.25 per token with a 1 billion total supply.
Binance Wallet on X / ChainPlay2026-04-09
RAVE trading at approximately $0.32; two wallets deposited approximately 18 million tokens to Bitget roughly 10 hours before the price surge began.
DL News2026-04-12
A third wallet deposited approximately 12 million tokens to Bitget. RAVE price begins parabolic ascent.
DL News2026-04-17
RAVE reaches an all-time high of approximately $27.33–$28.58, briefly ranking among the top 15–20 cryptocurrencies by market cap at roughly $6–6.6 billion.
CoinDesk2026-04-18
ZachXBT publishes allegations of coordinated pump-and-dump activity, identifies three team-linked Gnosis Safe wallets controlling ~90% of supply, and offers a $10,000 bounty for whistleblowers. Binance co-CEO Richard Teng and Bitget CEO Gracy Chen announce formal exchange-level investigations.
CoinDesk / DL News2026-04-18
ZachXBT raises bounty to $25,000. Approximately $23 million in RAVE moved to Bitget deposit addresses by RaveDAO-linked addresses, causing a 35–40% short-term price drop.
AMBCrypto2026-04-19
RAVE collapses to approximately $1.15, a decline of roughly 90% from peak in approximately 24 hours. RaveDAO issues a six-part denial on X. CoinDesk reports exchange probes widening.
CoinDesk2026-04-20
RAVE trades at approximately $0.57–$0.67, down approximately 95–98% from peak. ZachXBT alleges the RaveDAO team 'at least knows who manipulated the price,' citing suspicious CEX activity tied to team-linked addresses.
CoinDesk2026-04-20
Approximately 23 million RAVE sold by a RaveDAO-linked multisig wallet, contributing to continued price depression.
CryptoTimes2026-04-21
Disruption Banking publishes detailed analysis of the alleged 'bait and liquidate' mechanics underlying the RAVE token collapse.
Disruption BankingDecision Log
- hash: 2y5ySb4mxgyHo6TvRiwwTFdKv6Co9LBAJPbDygkm2KVb
This investigation is cryptographically anchored to the Solana blockchain (1 event). 15 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/26/2026, 11:19:09 PM
last updated: 7/27/2026, 5:41:17 PM
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