RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

In brief

• RaveDAO’s little-known token erased $6.6 billion in market cap after ZachXBT called on exchanges to investigate whether RAVE was being manipulated.
• The token, which people can use to purchase tickets, reached a dizzying valuation over the course of two weeks before plummeting.
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