ZachXBT accuses RAVE tokens of "pump and dump" and claims the source is suspected to be three centralized exchanges (CEXs), offering a $10,000 reward for information leading to their arrest.

On April 18th, CoinFeed reported that blockchain investigator ZachXBT published an article on the X platform stating that the pump-and-dump manipulation of the RAVE token ($RAVE) is suspected to have originated from three centralized exchanges (CEXs): Bitget, Binance, and Gate. ZachXBT called on these CEXs to strengthen internal investigations and accountability, and to remove those responsible. ZachXBT stated that the manipulation may have been orchestrated by insiders who controlled over 90% of RAVE liquidity, allowing them to continuously exploit retail investors. Furthermore, ZachXBT announced a personal reward of up to $10,000 to encourage anonymous submission of evidence to expose the specific entities involved in the incident.