SHIB rises 25% after listing on top Middle East cryptocurrency exchange

After two months of deliberation, the Rain platform, the top cryptocurrency exchange in the Middle East, has decided to officially launch Shiba Inu trading, increasing the adoption and trading volume of meme tokens.

In the meantime, Shiba Inu has increased by 25% in the last 24 hours.

Rain lists SHIB.

Rain comes from Bahrain. After receiving approval from the Central Bank of Bahrain, it became the first fully authorized cryptocurrency trading platform in the Middle East in 2019.

Rain's official Twitter account asked the community in March if the platform should list the second largest meme token.

In a recent tweet, the company said it had finally achieved support for Shiba.

Shiba was also listed on many other platforms earlier this year, including the Parex decentralized exchange and the Robinhood trading app.

Whale bought $455 billion of SHIB and sold it for a profit.

The WhaleStats crypto tracking service, which records and provides statistics on Ether, Polygon, BNB and the largest wallets on other chains, tweeted that Whale on the ETH chain bought another large amount of Shiba Inu.