BINANCE, BITGET PROBE RAVE TOKEN'S 4,500% SURGE

Crypto investigator ZachXBT alleged that RAVE insiders engineered the price spike through coordinated trading activity. Analysis revealed that nearly 90% of RAVE's total supply was concentrated in just three wallets before the surge. Millions of tokens were transferred to exchanges ahead of the rally, suggesting potential manipulation. The suspicious concentration of supply and coordinated exchange deposits raised red flags for market observers. Binance and Bitget initiated formal investigations into the token's price movement. Short squeezes occur when traders with short positions are forced to buy at higher prices, amplifying price increases. The probe reflects growing scrutiny of potential market manipulation in the crypto sector. Exchanges have increased monitoring of unusual trading patterns and suspicious token distributions following previous manipulation incidents.