On-chain investigator ZachXBT has alleged coordinated insider manipulation involving the RAVE token, claiming activity may have originated from major centralized exchanges Binance, Bitget, and Gate.io. He has disclosed information about possible pump-and-dump patterns and offered a $25,000 bounty for verifiable sources that prove the existence of such a manipulative network and its participants.
Additionally, ZachXBT announced his own $10,000 bounty for whistleblowers who can share with him information from their sources regarding parties that orchestrated the alleged coordinated manipulation. ZachXBT revealed on April 18, 2026, intensifying scrutiny of insider trading concerns across exchanges and networks globally.
ZachXBT further alleged that trading activity linked to Binance, Bitget, and Gate.io served as key venues for the suspected manipulation. He claimed insiders control more than 90% of RAVE liquidity support, enabling coordinated actions that distort pricing and disproportionately impact retail market participants through engineered volatility patterns observed.
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ZachXBT Urges Binance Bitget Investigation Measures
In his statement, ZachXBT urged Binance co-founder He Yi and Bitget managing director Gracy Chen to launch internal investigations into the alleged manipulation. He called for offboarding responsible personnel if misconduct is confirmed and emphasized accountability measures across centralized exchanges to protect market integrity and retail participants going forward.
Following the allegations, Bitget CEO Gracy Chen confirmed that the exchange has initiated an internal review into RAVE token trading activity. The development has intensified scrutiny across the crypto sector, raising renewed concerns over exchange transparency, insider trading risks, and broader market integrity standards for listed digital assets ecosystem oversight.
RaveDAO Token Supply Concentration Concerns
After ZachXBT’s statement, RaveDAO has warned users about increased volatility and urged them to use extreme caution in their trades when leveraging. However, the project did not directly address allegations of supply concentration or insider control raised by investigators, leaving key questions about token governance and distribution unresolved in public statements.
ZachXBT disclosed he privately messaged the co-founder of RaveDAO, wildwoodmoo, several hours before making his statement publicly, but received no response. According to available data, the co-founder’s Twitter account was last seen active in February 2026. Meanwhile, exchanges do not comment on the matter yet.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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