The RaveDAO team has denied any involvement in a reported pump of the RAVE token. This denial comes as major exchanges, Binance and Bitget, have both opened investigations into the alleged activity. Onchain investigator ZachXBT initially brought forth allegations of a pump-and-dump scheme. To encourage further information, ZachXBT has also offered a $25,000 bounty for whistleblowers who can provide details regarding the incident.

The RaveDAO team has denied any involvement in a reported pump of the RAVE token. This denial comes as major exchanges, Binance and Bitget, have both opened investigations into the alleged activity. Onchain investigator ZachXBT initially brought forth allegations of a pump-and-dump scheme. To encourage further information, ZachXBT has also offered a $25,000 bounty for whistleblowers who can provide details regarding the incident.