SHIB Spike 25% as Token Gets Listed on Top Middle East Crypto Exchange

After two months of evaluation, the leading crypto trading venue in the Middle East, Rain platform, has decided to finally kick off Shiba Inu trading, expanding the meme tokens and trading volume. Although, in the previous 24 hours, Shiba Inu has recorded a spike of 25%.

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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.

Presently, in the late tweet, the company broadcast that it had finally added support for Shiba. Earlier this year, Shiba Inu was also listed on a series of other platforms, which include  Parex decentralized exchange and Robinhood trading app.

Whale buys 455 billion SHIB, sells at a 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.

currently, although, the way has sold the majority of his SHIB after the token’s price staged a 25% spike, going from $0.00001056 to $0.00001320 on the Binance exchange.

Image via TradingView

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The number of SHIB this way 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 significant holdings of this whale at the moment are USDC (the largest asset owned by him), MATIC, and LINK.

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