Can RAIN crypto continue its 18% rally after $338M token unlock?
Rain Protocol (RAIN) surged 18% in 24 hours, defying a $338 million token unlock and a market downturn. Key drivers included a Kraken exchange listing, increased liquidity, and significant whale accumulation of 165 million tokens. Supply tightened further from token burns, though the burn rate slightly declined. TVL rose 5.21% to $4 million, and trading volume reached $18.83 million. Despite breaking a descending trendline with strong volume, RAIN shows signs of losing upward momentum. The major token unlock introduces potential sell pressure, risking a pullback and testing the sustainability of its recent rally.
ambcrypto02/11 06:02
