SHIB Jumps 25% as Token Gets Listed on Top Middle East Crypto Exchange
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After two months of consideration, the leading crypto trading venue in the Middle East, Rain platform, has decided to finally kick off Shiba Inu trading, expanding the meme token's adoption and trading volume.
Meanwhile, in the past 24 hours, Shiba Inu has registered a rise by 25%.
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 Twitter account of Rain asked the community if the platform should list the second largest meme token.
Now, in a recent tweet, the company announced that it had finally added support for Shiba.
Earlier this year, Shiba Inu was also listed on several other platforms, including Parex decentralized exchange and Robinhood trading app.
@Shibtoken is now available on Rain.
— Rain (@rain) May 13, 2022
You asked and we listened, $shib is now available for trading! #shibarmy pic.twitter.com/EAFHC6YwuT
Alex DovbnyaWhale buys 455 billion SHIB, sells at profit
WhaleStats crypto tracking service that tracks and shares data on the largest wallets on Ethereum, Polygon, BNB and other chains, has tweeted that another eye-popping amount of Shiba Inu has been bought by a major whale on the ETH chain.
The owner of the "BlueWhale0073" wallet has acquired a whopping 455,957,607,129 SHIB tokens. This large amount of canine crypto cost him $4,933,461.
? ETH whale "BlueWhale0073" just bought 455,957,607,129 $shib ($4,933,461 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) May 12, 2022
Ranked #303 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/wsc7dVMh6e#SHIB #ShibArmy
By now, however, the whale has sold the majority of his SHIB after the token's price staged a 25 percent rise, going from $0.00001056 to $0.00001320 on the Binance exchange.
The amount of SHIB this whale has left is tiny now and, along with other small tokens – UNI, HEX, etc. – comprises $17,976, or merely 0.25% of his portfolio. Shiba Inu totaled 90% of the incoming tokens and then 82% of outgoing ones.
The major holdings of this whale at the moment are USDC (the largest asset owned by him), MATIC and LINK.
Related articles
Alex Dovbnya
Vladislav Sopov
Dan Burgin