The RAVE price just dropped another 50%, falling from $1 to $0.50 in a single move. That puts it just three cents away from its all time low. On-chain sleuth ZachXBT flagged insider linked multisig selling roughly $23 million worth of RAVE right before the drop.
The dumping appears to have occurred on Bitget, even as the exchange says it is investigating the situation. The RAVE price is now down over 98% from its peak near $28. The scandal is not over. The bleeding is not done.
What you'll learn 👉
The RAVE Price Has Nowhere Left to Fall
The RAVE price chart is a crime scene. The token crashed 95% after the manipulation exposé, then tried to find a bottom near $1. That bottom just broke.
The RAVE price is now at $0.50, having dropped another 50% from that level. The volume on the drop was significant. Sellers are still in control. Buyers are nowhere to be seen. The RAVE price has no support underneath until the all time low near $0.47. That is only three cents away.
The chart shared by Crypto Busy shows exactly what happens when a token with no product catalyst and 95% supply concentration finally collapses. The vertical pump was fake. The crash is real. The RAVE price is not finding buyers. It is finding sellers at every level.
The sequence is now undeniable. Coin Bureau shared that ZachXBT revealed that team linked wallets controlled roughly 95% of the total supply. Then a multisig wallet linked to the team deposited 23 million RAVE, worth roughly $23 million, onto Bitget.
That deposit caused an immediate 40% drop. The team denied wrongdoing, but the denial did not address the specific on chain evidence. The dumping appears to have occurred on Bitget even as the exchange says it is investigating. The RAVE price dropped another 50% anyway.
🚨JUST IN: $RAVE drops another 50%, from $1 to $0.50, just 3 cents away from its all-time low.
— Coin Bureau (@coinbureau) April 20, 2026
On-chain sleuth @zachxbt flagged insider-linked multisig selling ~$23M RAVE right before the drop.
The dumping appears to have occurred on Bitget even as the exchange says it’s… pic.twitter.com/oTcHPLWcV0
The Exchanges Are Investigating – But the Damage Is Done
Binance and Bitget both launched formal investigations. The CEOs confirmed internal probes into RAVE’s trading activity. That is good for market integrity, but it does not help the RAVE price. The token is now a liability. Exchanges could delist it. Traders will avoid it.
The RAVE price is down 98% and is now just cents away from its all time low. The scandal is getting bigger. The exchanges are investigating. The whistleblower bounty is still live. The RAVE price is the only thing left to watch, and it is not a pretty sight.
Parabolic moves often end with aggressive corrections once liquidity fades. This is exactly what that looks like. Stability only returns when the RAVE price finds real support and organic demand.
Read Also: Stellar (XLM) Price Keeps Hitting the Same Wall, but This Fourth Retest Could Be the One That Breaks
How to Avoid RaveDAO and Similar Suspicious Cryptos
So how do you spot the next RaveDAO before it blows up? Start with supply concentration. If the top 10 wallets hold over 80% of the total supply, you are not investing. You are standing in someone else’s exit plan. RaveDAO had 95% of supply in team linked wallets. That should have been a hard pass from day one.
Next, look for a real product. A token that pumps 11,000% in three weeks with no protocol upgrade, no partnership, no revenue, and no users is not innovating. It is marketing. Ask yourself one simple question. What does this token actually do? If the answer takes longer than one sentence, walk away.
Finally, watch the exchange flows. Big wallets moving tokens to exchanges right before a price spike is not a coincidence. It is a signal. ZachXBT caught the $23 million deposit to Bitget before the crash. You can catch it too. Free tools like Santiment and Nansen track these movements. You do not need to be a detective. You just need to look.
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