RaveDAO responds to allegations of manipulating cryptocurrency prices: denies having led the price trend, and will selectively sell its tokens when the time is right in the future

Deep Tide TechFlow News, April 19 — RaveDAO responded to recent market doubts regarding RAVE price fluctuations, denying that the team is involved in or leading the token price trend, calling the related rumors false, and emphasizing ongoing project development.

RaveDAO stated that the team is currently focused on long-term development, planning to strengthen alignment incentives with the community through mechanism design, including exploring token lock-up models triggered by price or performance. The team also disclosed that in the future, they will sell some unlocked tokens based on the Token Release Schedule (TRS) at appropriate times for operational expenses, global recruitment, marketing, and strategic acquisitions. This statement indicates an expectation of ongoing selling pressure from the project side.

Additionally, RaveDAO said it will continue to allocate part of its profits to public welfare, having already committed to donating 20% of activity profits and some future operational profits for charitable purposes. The project emphasizes that its core goal is to build an on-chain entertainment and music ecosystem, promote Web3 user growth, rather than focus on short-term price performance.