Techub News reports that RaveDAO has issued a statement regarding recent rumors and allegations surrounding the RAVE token, denying that the team is involved in or manipulating recent price movements. RaveDAO stated that it will sell a portion of the unlocked tokens according to the Token Release Schedule (TRS) at appropriate times, with the proceeds used for operations, global recruitment, marketing, strategic acquisitions, and charitable projects. Additionally, the team is exploring price-triggered or performance-triggered lock mechanisms linked to ecosystem growth to ensure team incentives align with community interests. RaveDAO positions itself as a connection layer between Web3 and real-world music events, currently donating 20% of all event profits to charity.