The RaveDAO price moved from nowhere recently and then surged to a record high, making it one of the biggest cryptocurrencies in the world. It jumped from below $1 to a peak of $28.90 on Saturday. It then plunged by 95%, erasing most of the gains made a week earlier. RaveDAO price crashed amid claims of insider manipulation In most cases, when a crypto token moves from nowhere and becomes a multi-billion-dollar asset, the main reason is usually market manipulation among traders or insiders. Market manipulation is relatively easy in the crypto industry because it is less regulated. Unlike in the stock market, crypto developers are not required by law to reveal their identities and report their transactions.
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