"ZachXBT tied RAVE's collapse to concentrated supply and questionable trading activity, highlighting how a token fell 95% within hours, raising alarms about market manipulation."
"He urged major exchanges like Binance and Bitget to investigate possible manipulation, offering a bounty that reflects the seriousness of the situation."
"Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER, indicating a broader trend of structural risks in the crypto market."
Concerns about market manipulation in the crypto sector are intensifying, particularly following the collapse of the RAVE token. An on-chain investigator linked RAVE's drastic price drop to concentrated supply and suspicious trading practices. Major exchanges are under pressure to address these issues more swiftly. Retail investors are increasingly at risk as oversight lapses extend beyond individual tokens. Other tokens, including SIREN and MYX, have also exhibited troubling price behaviors, indicating widespread vulnerabilities in the market.
Read at news.bitcoin.com
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