RaveDAO Responds to Market Manipulation Allegations: Denies Controlling Price Trends, Plans Token Sales at Opportune Times

RaveDAO responded to recent market concerns regarding RAVE’s price volatility, denying that the team has participated in or driven the token’s price movements and labeling related rumors as false. The DAO emphasized its ongoing commitment to project development. RaveDAO stated that its current strategy is long-term oriented, with plans to enhance incentive alignment between the team and the community through mechanism design—including exploring token lock-up models triggered by price or performance metrics. The team also disclosed that, per its Token Release Schedule (TRS), it will sell portions of already-unlocked tokens at appropriate times to fund operational expenses, global hiring, marketing initiatives, and strategic acquisitions. This statement implies an expectation of sustained selling pressure. Additionally, RaveDAO confirmed its continued allocation of a portion of revenues to public welfare: it has pledged to donate 20% of event profits and a portion of future operational profits to charitable causes. The project reiterated that its core objective is to build an on-chain entertainment and music ecosystem and drive Web3 user growth—not short-term price performance.