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Blockchain investigator ZachXBT has renewed his assault on Bitget, accusing the exchange of knowingly enabling market makers to run supply control manipulation schemes on retail traders, the latest move in a months-long campaign targeting what he has called a “Chinese CEX cartel.” Bitget Accused of Enabling Supply Control Manipulation In a post on Monday, ZachXBT […]
The post RaveDAO slips below KEY support – Should RAVE traders watch $0.30 now? appeared on BitcoinEthereumNews.com. In April, the RaveDAO [RAVE] token prices rocketed higher by 7,311%, going from $0.266 to $22.13. Heavy trading volume in both spot and derivatives markets helped keep the rally going but also introduced high volatility, with a 46% correction within a day on the 15th of April. Crypto sleuth ZachXBT had publicly flagged “blatant” price manipulation during the token’s run. The company had responded, denying the allegations, but the crypto investigator pointed to the supply concentration and asserted that the team believed otherwise. The token was trading just below $0.6 at the time of writing. Moreover, the entirety of the token’s rally has been erased, adding suspicion to the predatory nature of the move and the violent profit-taking that destroyed all the support levels on the way down. The downtrend is still in force Source: RAVE/USD on TradingView Technically, the deep
