$ALEO RAVE spot price surged 20-fold within three days to $6.2, suspected to have been harvested by manipulating contracts based on Gate News information. On April 13, on-chain analyst Yu Jin’s monitoring showed that RAVE’s spot price rose from $0.3 to $6.2 this morning over the past three days, achieving about a 20x increase. During this period, the RAVE team first transferred 30.58 million RAVE tokens (worth about $4200 ten-thousands) to a certain CEX to attract funds to short. Subsequently, within the past two days, they withdrew 31.94 million RAVE tokens from that exchange back on-chain and sharply boosted RAVE’s spot price on a certain CEX and other trading platforms.

ALEO-5,57%
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