- The RaveDAO token has dropped 95% from $26 to under $1.
- RAVE was launched in December 2025 on Binance Alpha.
- ZachXBT chain analysis also highlights MemeCore, River and MYX among the suspicious projects.
RaveDAO (RAVE) has dropped below $1, shedding more than 95% of its previous rally to a high of $26.
The big drop follows the research of the blockchain expert ZachXBT, who said that there are clear signs of a change in prices.
These findings have raised many concerns about the possible ways in which stakeholders will be involved in the multiple tokens listed on the central exchange, contributing to forced selling across the sector.
RaveDAO tokens are lost amid the ZachXBT explosion
ZachXBT, another well-known researcher who was celebrated for solving a multi-billion crypto scam, adopted X on April 18, 2026, to destroy RAVE’s suspicions.
He pointed to the actions of the wallet that controls the amount of money of the brand, the pumps of production to close the buyers before the sale is lost.
“RAVE was launched in Dec 2025 on Binance Alpha with a total of 1B. The addresses below, related to the first distribution, control ~95% of the RAVE supply,” the chain designer posted.
In a “pump-and-damp” book, ZachXBT offered $25,000 in proof-of-trade, encouraging platforms like Binance, Bitget, and Gate.io to start research.
They also say that the exchange will accept his call, a move that could reflect the latest success in refunds and bans.
However ZachXBT asked why the CEXs would wait for his call to agree to the potential disruption.
“While it is good for the exchange to respond, I find it impossible that this work was not seen internally before I made it public.”
RAVE’s price killing was merciless, falling from $26 to under $1 within 24 hours, with trading volume increasing amid a massive selloff.
Billions of dollars in the stock market plummeted, leaving owners stunned. This decline caused the price of the token to drop to $0.50, where it continued to be recorded on April 20, 2026.
Update: Three hours ago multisig 0x53d7 connected to the original RAVE distribution that I posted above sent ~23M RAVE ($23M) to two Bitget addresses and the price has dropped 40% from $1 to $0.6.
Booking addresses
0x26aC542f5a04D574580881723224DAcD1EDB9B45… pic.twitter.com/Qi1asiFWsB— ZachXBT (@zachxbt) April 19, 2026
ZachXBT also hits other indicators
Potential price controls extend to similar tokens.
“RAVE isn’t the only sign of fraud we’ve seen on major exchanges,” he wrote.
“It’s very obvious, reaching the top 15 markets within 10 days before dropping 95% in hours. Other projects with very questionable value recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.”
According to ZachXBT, both projects have shown “highly questionable pricing” and team management.
MemeCore, RIVER and PIPPIN prices are in line with Rave’s bloodletting, dropping double digits to explore recent gains.
Some traders have commented on ZachXBT, noting that this could be a short-term opportunity. The answer:
I don’t recommend shorting modified tokens with a large concentration inside.
— ZachXBT (@zachxbt) April 20, 2026
Data on CoinMarketCap showed M, River and Siren were down 7-9% in the past 24 hours as of writing.
