RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation Price data byDecryptNewsMarketsRaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged ManipulationRaveDAO's token cratered this weekend after blockchain sleuth ZachXBT called on exchanges to investigate trading tied to its surging token.By André BeganskiEdited by Andrew HaywardApr 20, 2026Apr 20, 20263 min readMusic to our ears. Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief RaveDAO’s little-known token erased $6.6 billion in market cap after ZachXBT called on exchanges to investigate whether RAVE was being manipulated. The token, which people can use to purchase tickets, reached a dizzying valuation over the course of two weeks before plummeting. Executives fro

Source: https://decrypt.co/364911/ravedao-token-crashes-sheds-6-6-billion-exchanges-probe-alleged-manipulation