Rain, a leading crypto exchange in Bahrain and the wider Middle East, has listed Shiba Inu to boost trading volume and adoption after a two-month review.
Rain is the first fully licensed crypto exchange following approval from the Central Bank of Bahrain. In March, the company asked its community on its official Twitter account whether it should list the second-largest meme token.
Recently the platform announced support for Shiba Inu. Earlier this year, Shiba Inu was also added to other trading platforms, including the Robinhood trading app and decentralized exchange Parex.
@Shibtoken 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 Acquires 455 Billion SHIB Tokens
According to WhaleStats, a crypto tracking service that monitors and reports on the largest wallets across chains like BNB, Polygon, and Ethereum, a prominent Ethereum network whale purchased a sizable amount of SHIB tokens.
The wallet known as BlueWhale0073 bought 455,957,607,129 SHIB tokens, valued at $4,933,461 at the time of the report. The whale later began selling most of the SHIB tokens on Binance after the meme token surged more than 25%.
Although the whale holds large quantities of smaller tokens such as SHIB and HEX, other current holdings like UNI are relatively small (approximately $17,976, roughly 0.25% of the portfolio). The whale also maintains significant positions in assets such as LINK, MATIC, and USDC, which represent his largest holdings.
At the time of writing, SHIB is trading at $0.00001328, up 27.36% after a slight pullback from the daily high of $0.00001384.