PANews reported on April 18 that RaveDAO responded to recent rumors of market manipulation surrounding the RAVE token in a post on the X platform, clarifying that the team was not involved and is not responsible for the recent price fluctuations.

RaveDAO stated that it will explore token lock-up mechanisms, including those triggered by price or performance, to align team incentives with ecosystem growth. Simultaneously, the team plans to sell a portion of unlocked tokens at an appropriate time according to the established TRS mechanism, using the proceeds for operational, recruitment, marketing, and strategic investment expenditures.

RaveDAO emphasized that the project's long-term goal is to promote the large-scale adoption of Web3 through offline activities, and pledged to use a portion of the proceeds for charitable purposes. Currently, 20% of the activity profits have been used for charity. It also stated that it will continue to focus on product, community, and compliance building, and promote the integration of on-chain entertainment with the real world.