The RAVE initial allocation associated address has transferred 23 million RAVE tokens to a CEX, worth a staggering $23 million.

BlockBeats News, April 20, according to on-chain sleuth ZachXBT, it was revealed that three hours ago, the multi-signature address 0x53d7 associated with the RAVE initial allocation sent approximately 23 million RAVE to two Bitget deposit addresses, totaling a value of $23 million. Subsequently, the RAVE price dropped 40% from $1 to $0.6.

Deposit Addresses
0x26aC542f5a04D574580881723224DAcD1EDB9B45
0x64D6E91D0bd9cB7be44E1e627264539493f73c2b