On-chain analyst ZachXBT flagged six altcoins (SIREN, MYX, COAI, M, PIPPIN, RIVER) for suspicious price movements akin to the RAVE token case, urging exchanges to act swiftly against market manipulation to protect retail investors.

RAVE saw $50.85 million in liquidations in 24 hours, with long positions at $27.53 million and shorts at $23.32 million. The largest liquidation was $105,352, with significant price swings and high trader activity.

RaveDAO addressed recent inquiries about RAVE price changes, denying any team involvement in price manipulation. It underlined its focus on long-term growth in building a music ecosystem and plans to align community incentives, sell unlocked tokens strategically, and donate profits to charity.

On April 16, CoinMarketCap reported mixed performances among the top 100 cryptocurrencies, with RaveDAO leading gainers at 39.53% and JUST falling 15.44% as the biggest loser.

On April 15, CoinMarketCap reported mixed performance among the top 100 cryptocurrencies. DeXe (DEXE) gained 21.85%, while RaveDAO (RAVE) fell 23.75%. Other notable gainers included Siren, Chiliz, Aave, and Arbitrum, with losses seen in JUST, Worldcoin, Dash, and LayerZero.

RAVE achieved 5th place in a major CEX's 24-hour contract trading volume, recording $3.14 billion and $29.33 million in liquidations, following only BTC and ETH. AIRA and other products also featured on the leaderboard.

The $RAVE token surged 68% in 24 hours, reaching a market cap of nearly $4 billion, with a rise exceeding 6,000% over the week. Despite its volatility and concentration among few wallets, analysts suspect insider manipulation behind the sudden price increase.

Gate News bot message, Gate market display, RAVE has risen 64.01% in the past 24 hours, current price is 16.508 USDT.

Gate News update, April 14, last December, a crypto community member @ufukless1 had to pay medical bills due to illness, and minted an NFT priced at $10 on OpenSea; 15k NFTs were fully minted. After that, Rave DAO air-dropped RAVE tokens to all minters. Currently, this airdrop is worth between $200 and $5,000, giving buyers returns of 20x to 500x.