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The RAVE token surged by 1,200% over one week, rising from $2.1 to $28, with its market capitalization peaking at $6.7 billion.
Following this, ZachXBT accused the project of manipulation, revealing that wallets linked to the RaveDAO team transferred 18.58 million RAVE tokens to Bitget before the price rally, at prices below $0.50. Nearly 90% of the token supply was concentrated in just three wallets.
Both Bitget and Binance launched investigations into the matter.
As a result, the RAVE token price collapsed by 95%. The RaveDAO team denies any involvement in price manipulation.
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The level of global political and economic uncertainty has reached an all-time high. The current uncertainty index has surpassed the peaks seen during major crises such as the COVID-19 pandemic, the 2008 global financial crisis, and the dot-com crash.
Unlike previous crises, which typically had a single dominant cause, like COVID-19 lockdowns or the 2008 mortgage market collapse, the world is now facing multiple simultaneous factors driving this unprecedented uncertainty.
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