ZachXBT Accuses Insiders of RAVE Pump-and-Dump Across Binance, Bitget, and Gate
On-chain investigator ZachXBT has accused insiders of orchestrating a large-scale pump-and-dump scheme involving RaveDAO’s native token (RAVE) across major exchanges including Binance, Bitget, and Gate.io. The allegations surfaced after RAVE experienced a staggering 5,600% price surge within a single week — before sharply retracing. ZachXBT Flags Suspicious RAVE Trading Activity According to ZachXBT, a coordinated group controlling more than 90% of RAVE’s circulating supply allegedly manipulated trading activity across the three exchanges.
The controversy began when RAVE skyrocketed from $0.25 to a peak of $14.19, marking one of the most aggressive weekly rallies among mid-cap tokens this month. However, the token later reversed sharply, triggering concerns of market manipulation.
In a post published on X on April 18, 2026, ZachXBT wrote:
“Pump and dump activity for $RAVE originated on @bitget @binance @Gate.” He further called on Binance co-founder Yi He and Bitget CEO Gracy Chen to initiate internal investigations and remove responsible actors. $42 Million in On-Chain Movements Raises Red Flags On-chain data cited by ZachXBT shows approximately $42 million worth of RAVE tokens were transferred to Bitget, with $32 million reportedly withdrawn shortly after. This maneuver allegedly reduced sell pressure on exchange order books, artificially driving prices upward. The rapid spike led to significant derivatives liquidations.
Within 24 hours, RAVE recorded $30.6 million in liquidations — trailing only Bitcoin and Ethereum during the same period. $25,000 Whistleblower Bounty Announced To further investigate the matter, ZachXBT initially offered $10,000 of his own funds for whistleblowers with relevant information. Community contributions later increased the total bounty pool to $25,000. Bitget CEO Gracy Chen responded publicly the same day, stating: “Thanks for highlighting! We've started investigating into $RAVE.” No additional details about the scope or timeline of the investigation were provided. What Is RaveDAO? RaveDAO presents itself as a decentralized organization connected to nightlife and music events, with RAVE functioning as its native token. Prior to the recent rally, RAVE traded near penny-stock levels for weeks. Its surge from $0.25 to over $14 represented one of the most dramatic short-term price increases in recent memory. At the time of writing, RAVE had declined nearly 90% from its peak, trading around $8.13. The downturn followed ZachXBT’s public thread and subsequent exchange responses. Market Impact and Investor Caution The RAVE incident highlights ongoing risks within the crypto market, particularly concerning low-liquidity tokens and concentrated token supply. If confirmed, the alleged manipulation would underscore the need for stronger internal monitoring systems across exchanges and greater transparency in token distribution models. Investors are advised to exercise caution when trading assets that experience rapid, unexplained price surges — especially when supply concentration is high. #RAVEUSDT #pump #dump #zachxbt #Binance
Unlocking the Power of Binance Skills Hub — A Complete Guide to AI-Driven Crypto Automation
🚀 Introduction Binance Skills Hub is an open skills marketplace that enables AI agents to interact with crypto services — both centralized and decentralized — in a seamless and programmable way. Whether you're building smart trading workflows, automating content posting, or querying real-time market data, Skills Hub equips developers and creators with powerful tools to elevate their crypto experience. 📍 What Is Binance Skills Hub? Binance Skills Hub is an open-source platform built by Binance that allows AI agents and developers to plug directly into crypto systems — including market data, trading endpoints, and social posting features. It provides a modular framework where each “Skill” performs a specific action or query, such as posting content to Binance Square or fetching market data. 📌 Key Features of Binance Skills Hub 🧠 1. Native AI Integration AI agents can perform crypto actions via Skills without writing complex API logic.
⚙️ Example integration flows include: Natural language queries executed via AIAutomated order executionWallet balance analysis 🛠 2. Modular Skills Marketplace Each Skill lives in its own folder in the project and contains structured instructions for agent execution. You can explore and contribute new Skills with a simple file and configuration. Each Skill lives in its own folder in the project and contains structured instructions for agent execution. You can explore and contribute new Skills with a simple file and configuration. 💬 3. Real-world Use Cases Here are some practical Skill examples: 📌 Square-Post Skill 📍 Automates text-only posts on Binance Square — the social platform for sharing trading insights and crypto narratives. 📌 Features: Post content via APIWorks with AI agentsUses Square OpenAPI Key for authenticationProvides URL on successful post creation Other Useful Skills 🔹 Alpha Skill – Query market data and trading information. 🔹 Assets Skill – Pull account and asset info from Binance API. …and many more others like trading signals, wallet queries, and convert functions. 📈 How It Works — A Quick Tutorial To install the Skills Hub in your development environment: npx skills add https://github.com/binance/binance-skills-hub After installation, you can configure Skills using your API credentials (for authenticated endpoints) and connect to your preferred AI agent or workflow. 🛡️ Security and Best Practices ⚠️ Binance Skills may require API keys for actions like trading — always follow secure key management practices: Never expose full API secretsUse environment variables or secure vaultsMaintain strict permission scopes Remember, this tool does not provide financial advice and should be used within safe coding and trading practices. #BinanceSkillsHub #BinanceSquare #CryptoAI #StrategyBTCPurchase #Aİ $BTC $ETH $BNB