Bahrain-based Prominent Exchange ‘Rain’ Lists Shiba Inu (SHIB)

Bahrain-based Prominent Exchange ‘Rain’ Lists Shiba Inu (SHIB)
  • The “BlueWhale0073” wallet holder has purchased 455,957,607,129 SHIB tokens.
  • Shiba Inu has seen a 25% increase in the last 24 hours.

Rain platform, the Middle East’s premier crypto trading platform, has finally chosen to begin Shiba Inu trading after considering it for more than two months. On the other hand, Shiba Inu has seen a 25% increase during the next 24 hours after the announcement.

Whales Back in Action

Bahrain is the home base for Rain’s operations. The Central Bank of Bahrain granted it full license in 2019, making it the first legal cryptocurrency trading platform in the Middle East. Earlier this month, the Rain official Twitter account polled its followers to see whether they wanted to add the second most popular meme token to the network. The corporation had not supported Shiba until recently, but now it has. Additionally, earlier this year, Shiba Inu was included in the Parex decentralized exchange and Robinhood trading platform.

It has been reported by WhaleStats, a crypto monitoring service, that a huge whale has purchased another whopping sum of Shiba Inu on the Ethereum network. The “BlueWhale0073” wallet holder has purchased 455,957,607,129 SHIB tokens. A sum of $4,933,461 for this enormous quantity of meme cryptocurrency was paid. However, the whale has already sold the bulk of his tokens after the price surge.

The whale has only $17,976 remaining in SHIB, while the rest of its tokens (UNI, HEX, etc.) make up just 0.25 percent of its portfolio. Shiba Inu accounted for 90% of the tokens that came in and 82% of the tokens that went out. USDC (its greatest asset) is the primary investment of this whale, followed by MATIC and LINK.

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.