ZachXBT Calls Out RAVE, SIREN, and Other Price Manipulation Tokens, Offers $25,000 Bounty Ongoing

**April 19th** On-chain sleuth ZachXBT has published a summary of the RAVE token market manipulation incident, noting RAVE’s price plummeted 95% over the past 24 hours—crashing straight from $26 to $1. Yesterday, he posted a call for major exchanges to probe RAVE’s manipulation, offering a $10,000 reward (later upped to $25,000). ZachXBT stated RAVE launched on Binance Alpha in December 2025 with a total supply of 10 billion tokens. A group of 9 addresses (tied to Mlm’s initial allocation) now controls roughly 95% of its circulating supply; suspicious centralized exchange (CEX) transfers were also identified in April 2026. A simple test underscores the issue: just $52 million in 24-hour settlement erased $6 billion in market cap. This lopsided ratio is a clear sign of unsustainable valuation driven by manipulation. RAVE isn’t the only token manipulated on major CEXs, but it’s the most blatant: it skyrocketed into the top 15 by market cap within 10 days of listing, then crashed 95% in a matter of hours. Other projects with highly suspicious recent price action include SIREN, MYX, COAI, M, PIPPIN, and RIVER. ZachXBT is calling on exchanges to intervene faster in manipulative activity. While large-scale detection is certainly challenging, each day of delay exposes retail investors to losses—all while exchanges keep collecting trading fees. Regardless of motive, the outcome is the same. Though exchanges eventually took action, ZachXBT believes such abnormal activity couldn’t have gone entirely unnoticed internally prior to that. He plans to keep investigating similar anomalies to unmask the parties responsible behind the scenes. ZachXBT reiterated he holds no RAVE positions. The $25,000 reward remains valid; private messages received so far are unverified claims and haven’t provided non-public information or supporting evidence.