SHIB jumps 25% as the token is listed on the top crypto exchange in the Middle East

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Youri Molchan

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

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  • SHIB is listed by Rain
  • Whale buys 455 billion SHIB, resells with profit

After two months of deliberation, the Rain platform, the leading crypto trading venue 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 seen a 25% increase.

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 Rain Twitter account asked the community if the platform should list the second largest meme token.

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

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

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 wallet owner “BlueWhale0073” 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.

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Picture via TradingView

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

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

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