Shiba Inu increases by 27% after listing on Rain

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

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

Recently, the platform announced that it is offering Shiba Inu from now on. Earlier this year, Shiba Inu was also listed on other crypto exchange platforms such as the Robinhood trading app and the decentralized Parex exchange.

@Shibtoken it is now available on Rain.

You asked and we listened, $shib is now available for trading! #shibarmy pic.twitter.com/EAFHC6YwuT

– Rain (@rain) May 13, 2022

BlueWhale0073 Buys Incredible 455 billion SHIB Tokens

According to WhaleStats, a crypto service that tracks and shares data on the largest wallets of chains such as BNB, Polygon, Ethereum and other chains, a tweet says that a significant amount of SHIB tokens was purchased from a prominent whale of the Ethereum chain.

The owner of the BlueWhale0073 wallet bought 455,957,607,129 SHIB tokens, which cost him $ 4,933,461. However, the whale began selling the bulk of its SHIB tokens on the Binance exchange after the token saw a rally of more than 25%.

🐋 ETH whale “BlueWhale0073” just bought 455,957,607,129 $shib ($4,933,461 USD).

Ranked #303 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/wsc7dVMh6e #SHIB #ShibArmy

– WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 12, 2022

Although the amount of SHIB and other small tokens such as HEX and UNI that the whale currently holds is small (approximately worth $ 17,976, only 0.25% of its portfolio), it has other large holdings such as LINK, MATIC and USDC, the largest asset it owns.

At the time of writing this article, SHIB is trading at $ 0.00001328, which corresponds to a price increase of 27.36%, after the price slightly decreased from a daily high of $ 0.00001384.