Analysts: RAVE has plummeted by approximately 35%, and the address suspected of being manipulated by large investors currently holds 750 million tokens.

CoinFeed reported on April 18th that, according to an article posted on the X platform by on-chain analyst Ai Yi, on-chain detective ZachXBT initiated the investigation, with Bitget responding by announcing an investigation and calling on other exchanges to follow suit. RAVE was affected, plummeting by approximately 35%. Strangely, Binance's RAVE contract OI (coin-margined) showed no change. The suspected manipulator's address currently holds 750 million tokens, with a total value exceeding $8.2 billion, representing a 75% concentration of tokens.