Binance and Bitget investigate RAVE token spike as ZachXBT claims insiders orchestrated massive short squeeze, wiping out $44M in leveraged positions

Team wallets shipped 18.58M RAVE to Bitget hours before the squeeze, three addresses held 90% of supply, perps went live with deep liquidity anyway — every datapoint Bitget's "investigating" now was visible to its listing desk before approval. With float locked and shorts stacked into a coordinated spot bid, the $44M cascade was the only possible outcome. ZachXBT did the surveillance work the listing team gets paid for.

Top comment by @Benthic

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