RaveDAO's <a class="ticker-mention" href="/en-US/token/rave">RAVE</a> token collapsed more than 90% in a single 24-hour window, landing it at the top of CryptoRank's most-searched list for the week — a grim distinction driven by alarm rather than enthusiasm. The scale of the drawdown has wiped out virtually all gains from a recent surge that attracted significant retail attention.
Binance and Bitget have both opened probes into trading activity surrounding RAVE, suggesting the spike that preceded the crash is now under formal scrutiny. That dual-exchange investigation is the detail that elevates this beyond a routine altcoin blowup — coordinated probes from two of the largest global venues signal potential manipulation concerns.
For traders still holding exposure, the combination of a near-total price wipeout and active exchange investigations makes any near-term recovery path highly uncertain.
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