SHIB Jumps 25% as Token Gets Listed on Top Middle East Crypto Exchange

Shiba Inu

Another leading global exchange adds support for Shiba Inu trading after recent Robinhood listing

After two months of consideration, the Rain Platform, the leading crypto trading platform in the Middle East, has decided to finally launch Shiba Inu trading, expanding the meme token’s adoption and trading volume. .

Meanwhile, in the past 24 hours, Shiba Inu has registered a rise by 25%.

SHIB is listed by Rain

Rain is based in Bahrain. In 2019, it was the first crypto trading platform in the Middle East to be fully licensed after receiving approval from the Central Bank of Bahrain.

In March, the official Twitter account of Rain asked the community if the platform should list the second largest meme token.

Now, in a recent tweet, the company announced that it has finally added support for Shiba.

Earlier this year, Shiba Inu was also listed on several other platforms, including Parex decentralized exchange and Robinhood trading app.

Whale buys 455 billion SHIB, resells with profit

Crypto tracking service WhaleStats which tracks and shares data on the largest wallets of Ethereum, Polygon, BNB and other chains, tweeted that another impressive amount of Shiba Inu have been purchased by a major whale from the ETH chain.

The owner of the “BlueWhale0073” wallet has acquired a whopping 455,957,607,129 SHIB tokens. This large amount of canine crypto cost him $4,933,461.

At present, however, the whale has sold the majority of its SHIB after the token’s price rose 25% from $0.00001056 to $0.00001320 on the Binance exchange.

The amount of SHIB this whale has left is tiny now and, along with other small tokens – UNI, HEX, etc. – comprises $17,976, or merely 0.25% of his portfolio. Shiba Inu totaled 90% of the incoming tokens and then 82% of outgoing ones.

This whale’s top holdings right now are USDC (the biggest asset he owns), MATIC, and LINK.


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