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Project Overview
RaveDAO is a group of music-loving, early cryptocurrency adopters, and tech industry professionals turned hardcore rave enthusiasts. It redefines entertainment as a source of connection, creativity and impact through a combination of flagship events, community-created chapters, and ecosystem-integrated sandboxes.
0xSun: News-Driven Trading Still Holds Advantages, Currently Inclined to Long BTC and Hedge by Shorting Altcoins
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.
Binance Co-CEO: Investigation Launched into Abnormal Volatility of RAVE Token
Binance Co-CEO Richard Teng responded on X to ZachXBT, thanking him for reporting the matter to Binance and confirming that the platform is currently investigating it. Binance stated it remains committed to fulfilling its responsibilities and investigating all forms of market misconduct. Earlier, on-chain investigator ZachXBT posted that the abnormal price movements of the RAVE token originated from Binance, Bitget, and Gate exchanges, and called on all three platforms to take action. He also offered a reward of up to $10,000 for information leading to the identification of those involved.
20 million RAVE tokens were withdrawn by the RAVE casino operator to eight on-chain wallets approximately 8 hours ago.
According to on-chain analyst Yujin’s monitoring, 8 hours ago, 20 million RAVE tokens (approximately $16.78 million) were withdrawn from Bitget by the RAVE market maker into 8 on-chain wallets.
Whales accumulate 20.1M RAVE via Bitget, accounting for approximately 8.1% of its circulating supply
according to Arkham data, the Bitget exchange hot wallet address (0x1AB) has made a significant withdrawal of approximately 20.1M RAVE tokens, worth about $18.458 million, over the past 8 hours.The 20.1M RAVE tokens were distributed to 8 independent addresses, with individual withdrawal amounts ranging from 1.45M to 3.511M tokens.Currently, the circulating supply of RAVE is 248.04M, and this withdrawal accounts for approximately 8.1% of its total circulating supply. RAVE is currently trading at $0.9203, up 3.14% in the past 24 hours, with a circulating market cap of $228 million.
New Address Withdraws 635,000 RAVE, Worth Approximately $908,000
According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the price of RAVE has plummeted from a high of $28 to $0.45, with a rebound to $2.68 during the period.A new address withdrew 635,000 RAVE from Gate 4 hours ago, worth approximately $908,000.
Suspected RAVE manipulation address re-deposited 20 million RAVE tokens—worth approximately $10.67 million—to a CEX 10 minutes ago.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the $RAVE token’s suspected manipulation address (0xe07...B690b) has been continuously transferring large quantities of tokens to Bitget today. Just 10 minutes ago, it deposited another 20 million RAVE tokens (approximately $10.67 million). So far today, a total of 42.996 million RAVE tokens—valued at over $34.97 million—have been transferred to centralized exchanges (CEXs).
ZachXBT: RAVE’s initial allocation multisig address has deposited another 23 million tokens to Bitget.
According to crypto investigator ZachXBT, three hours ago, the multisig address 0x53d7—previously linked to RAVE’s initial allocation—sent approximately 23 million RAVE tokens (valued at $23 million) to two Bitget deposit addresses. Subsequently, the RAVE price dropped 40% from $1 to $0.60. Earlier, ZachXBT accused the RAVE token of a “pump-and-dump” scheme, suggesting the origin likely involved three centralized exchanges (CEXs), and offered a $25,000 bounty for leads. ZachXBT also listed a set of addresses, claiming these initial-allocation-related addresses control roughly 95% of the total RAVE supply.
0xSun: News-Driven Trading Still Holds Advantages, Currently Inclined to Long BTC and Hedge by Shorting Altcoins
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.
Bitget Super Pairs: Trade RAVE and ORDI to Unlock $30,000 in USDT
Bitget has launched a new edition of its Super Pairs campaign, ending on April 24. Users can unlock a specific number of mystery boxes by completing tasks such as placing their first futures trade, daily trading, and achieving cumulative trading volume targets. The mystery box prize pool includes trading credits and popular token airdrops, with up to 10 RAVE tokens available per draw. Additionally, all users ranked within the top 1,000 by trading volume—and whose cumulative trading volume reaches at least 10,000 USDT—will jointly unlock a shared prize pool of 20,000 USDT, with a maximum individual payout of 2,000 USDT. This prize pool requires trading in designated tokens. Full campaign rules are published on the Bitget official platform; users must click the “Join Now” button to register and participate.
Decentralized Contract Trading Platform Sun Wukong Launches RAVE Perpetual Contracts
According to an official social media announcement, the Chinese decentralized contract trading platform Sun Wukong has launched RAVE/USDT with up to 20x leverage.
KOL EnHeng purchased over 46,000 tokens on RAVE’s second day of launch and is now the #9 largest holder on the BSC network.
At the current price, if this address did not sell upon transferring into Aster, the holding return is approximately 462%, with an unrealized profit of about $86,000.
Related news
20 million RAVE tokens were withdrawn by the RAVE casino operator to eight on-chain wallets approximately 8 hours ago.
According to on-chain analyst Yujin’s monitoring, 8 hours ago, 20 million RAVE tokens (approximately $16.78 million) were withdrawn from Bitget by the RAVE market maker into 8 on-chain wallets.
Whales accumulate 20.1M RAVE via Bitget, accounting for approximately 8.1% of its circulating supply
according to Arkham data, the Bitget exchange hot wallet address (0x1AB) has made a significant withdrawal of approximately 20.1M RAVE tokens, worth about $18.458 million, over the past 8 hours.The 20.1M RAVE tokens were distributed to 8 independent addresses, with individual withdrawal amounts ranging from 1.45M to 3.511M tokens.Currently, the circulating supply of RAVE is 248.04M, and this withdrawal accounts for approximately 8.1% of its total circulating supply. RAVE is currently trading at $0.9203, up 3.14% in the past 24 hours, with a circulating market cap of $228 million.
New Address Withdraws 635,000 RAVE, Worth Approximately $908,000
According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the price of RAVE has plummeted from a high of $28 to $0.45, with a rebound to $2.68 during the period.A new address withdrew 635,000 RAVE from Gate 4 hours ago, worth approximately $908,000.
Suspected RAVE manipulation address re-deposited 20 million RAVE tokens—worth approximately $10.67 million—to a CEX 10 minutes ago.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the $RAVE token’s suspected manipulation address (0xe07...B690b) has been continuously transferring large quantities of tokens to Bitget today. Just 10 minutes ago, it deposited another 20 million RAVE tokens (approximately $10.67 million). So far today, a total of 42.996 million RAVE tokens—valued at over $34.97 million—have been transferred to centralized exchanges (CEXs).
ZachXBT: RAVE’s initial allocation multisig address has deposited another 23 million tokens to Bitget.
According to crypto investigator ZachXBT, three hours ago, the multisig address 0x53d7—previously linked to RAVE’s initial allocation—sent approximately 23 million RAVE tokens (valued at $23 million) to two Bitget deposit addresses. Subsequently, the RAVE price dropped 40% from $1 to $0.60. Earlier, ZachXBT accused the RAVE token of a “pump-and-dump” scheme, suggesting the origin likely involved three centralized exchanges (CEXs), and offered a $25,000 bounty for leads. ZachXBT also listed a set of addresses, claiming these initial-allocation-related addresses control roughly 95% of the total RAVE supply.
0xSun: News-Driven Trading Still Holds Advantages, Currently Inclined to Long BTC and Hedge by Shorting Altcoins
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.