Shiba Inu jumps 27% after getting listed on Rain, a top Middle East crypto exchange


Rain, a leading crypto exchange based in Bahrain Middle East, has listed Shiba Inu to expand its trading volume and adoption after two months of consideration.

Rain was the first crypto exchange to be fully licensed after approval by the Central Bank of Bahrain. Back in March, Rain asked the community on his official Twitter account if they should list the second largest meme token.

Recently, the platform announced that it is supporting Shiba Inu. However, earlier this year Shiba Inu had been listed on other crypto exchange platforms like Robinhood trading app and Parex decentralized exchange.

BlueWhale0073 buys 455 billion SHIB tokens

According to WhaleStats, a crypto service that tracks and shares data on the largest wallets on chains like BNB, Polygon, Ethereum and other chains, a tweet stated that a significant amount of SHIB tokens had been purchased by a leading whale on the Ethereum chain. .

BlueWhale0073 wallet owner has purchased 455,957,607,129 SHIB tokens which costed him $4,933,461. However, the whale started to sell the majority of his SHIB tokens on the Binance exchange after the token staged a rally of more than 25%.

Although the amount of SHIB and other small tokens like HEX, UNI the Whale currently holds is small (worth around $17,976, just 0.25% of its portfolio), it does have other holdings important ones like LINK, MATIC and USDC, the biggest asset he owns. .

At the time of writing, SHIB is trading at $0.00001328, 27.36% up after a slight retracement from a daily high of $0.00001384.


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