RaveDAO's RAVE token collapses 90% in a day as exchange probes widen

RaveDAO's RAVE token collapses 90% in a day as exchange probes widen

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRaveDAO's RAVE token collapses 90% in a day as exchange probes widen The token traded at $1.15 on Sunday, down from a $27.33 peak on Friday, wiping out more than $5 billion in market cap as investigations into Binance and Bitget advance.By Shaurya MalwaUpdated Apr 19, 2026, 3:48 p.m. Published Apr 19, 2026, 2:28 p.m. Make preferred on What to know: RaveDAO's RAVE token plunged about 90% in 24 hours, erasing roughly $5.7 billion in market value after Binance and Bitget opened investigations into its meteoric rally.Onchain sleuth ZachXBT alleged that about 90% of RAVE's 1 billion supply was held in three team-linked wallets, and that large transfers to exchanges preceded a 10,800% price surge that triggered $44 million in liquidations.Rave

Source: https://www.coindesk.com/markets/2026/04/19/ravedao-s-rave-token-collapses-90-in-a-day-as-exchange-probes-widen