Blockchain investigator ZachXBT has accused the RaveDAO team of being aware of the manipulation behind the price of its RAVE token. The token's market capitalization soared from $60 million to $6 billion within nine days, only to crash by over 90%, resulting in a loss of approximately $5.7 billion. ZachXBT pointed to suspicious activity involving centralized exchanges, claiming that the extreme price movements are unlikely to have occurred organically. In a recent post, he noted that a transfer of $23 million worth of tokens from a RAVE address to two deposit addresses on Bitget caused a significant price drop. Despite RaveDAO's public denials of involvement in the token's price action, ZachXBT argues that the concentration of supply indicates the team must know who is responsible for the manipulation. He further stated that RAVE is not the only token facing such issues, but it is the most blatant case observed on major centralized exchanges.