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Message from Gate News, April 19 — On-chain analyst ZachXBT has identified six altcoins exhibiting "very suspicious" price movements similar to the recent RAVE token manipulation case. The flagged tokens include SIREN, MYX, COAI, M, PIPPIN, and RIVER. ZachXBT stated that the RAVE incident is just one of the clearest examples of a broader market manipulation issue.
The analyst calls on centralized exchanges to respond more quickly to such manipulative activities, noting that although manipulation is difficult to detect, late intervention can lead to significant losses for retail investors.
ZachXBT also pointed out that platforms benefiting from trading volume continue to increase profits during these periods. The analyst announced plans to continue investigating similar market fluctuations and identify individuals or groups responsible.