PANews reported on April 20 that, according to crypto detective ZachXBT, three hours ago, the multisignature address 0x53d7, previously mentioned as being associated with the initial distribution of RAVE, sent approximately 23 million RAVE tokens (worth $23 million) to two Bitget deposit addresses. Subsequently, the price of RAVE fell 40% from $1 to $0.6.

Previously , ZachXBT accused RAVE tokens of "pump and dump" and claimed that the source was suspected to be three centralized exchanges (CEXs), offering a reward of 25,000 yuan for clues; ZachXBT also listed a set of addresses, claiming that these addresses associated with the initial allocation controlled approximately 95% of the RAVE supply.