The cryptocurrency RAIN, used with the Rain Protocol, is facing questions from traders and researcher ZachXBT. They’ve expressed concerns about how many tokens are available, how easily they can be bought and sold, and the connections between the project and its creators.
Summary
- FabianoSolana claimed RAIN reached a $9B FDV while 81 wallets held nearly all supply.
- ZachXBT said RAIN deployer-linked wallets were active in Uni V3 liquidity positions.
- The claims add fresh pressure to thinly traded tokens with hidden supply and insider concerns.
The conversation started when FabianoSolana announced that RAIN was now among the top 15 cryptocurrencies, with a total potential value of almost $9 billion. They also stated that just 81 wallets control 99.97% of all RAIN tokens.
We haven’t been able to verify this claim through our review of the project’s materials. However, it’s noteworthy because when a small number of wallets hold most of the tokens, it can create price instability – especially if those wallets belong to the project’s creators, early investors, or related individuals.
Fabiano Solana highlighted Rain Protocol’s assertion that it’s currently the third-biggest prediction market. Rain recently gained attention when reports surfaced indicating its foundation added $100 million in funds before launching version 2 and in anticipation of the 2026 World Cup.
RAIN is currently trading around $0.014, giving it a market value of approximately $8.9 billion. Its rapid increase in price has drawn significant attention this week, making it a popular small-cap token to watch.
ZachXBT checks deployer-linked activity
ZachXBT quickly reviewed the blockchain activity for RAIN and noticed the developers were setting up several liquidity pools on Uniswap V3. He also linked the team to Enlivex and Gems.vip, both of which he considers potentially unreliable.
We quickly investigated the blockchain and found the project’s deployer and associated addresses are heavily involved in providing liquidity on Uniswap V3. The team appears connected to a questionable project called DAT Enlivex and a launchpad site, Gems[.]vip. Unfortunately, there’s little concern about the issues with these easily manipulated tokens that have undisclosed supply information. It seems only centralized exchanges are taking notice.
— ZachXBT (@zachxbt) May 31, 2026
He cautioned that most people aren’t interested in cryptocurrencies that are artificially inflated or have unclear supply information. ZachXBT added that centralized exchanges usually only express concern after these types of tokens lose value.
ZachXBT advised against trading these kinds of tokens, explaining that it primarily benefits those already involved. He recommends traders simply avoid them.
ZachXBT later pointed out that the founders connected to Rain, Enlivex, and Gems seemed questionable because they didn’t have much prior experience in the crypto world. He also noted that it’s unusual to suddenly have access to a very large amount of capital – in this case, nine figures – without a clear source.
Gems link adds to market questions
The discussion also brought up a previous post from Gems Launchpad. In September 2025, they highlighted that the token RAIN increased in value by 1,400% from its initial presale price to its highest point, and another token, LUCK, saw a 700% increase during the same period.
very odd yes
— fabiano.sol (@FabianoSolana) May 31, 2026
People are now looking at that post differently as traders try to figure out if the increase in RAIN’s value is due to genuine interest or manipulation of the available supply. While profits from early sales are appealing, they also bring up concerns about how the initial distribution happened and the potential for those early investors to quickly sell off their holdings.
As crypto.news reported before, ZachXBT has made similar accusations in a different situation involving LAB. He claims that people connected to LAB deliberately kept information about how tokens were distributed secret, and that these insiders controlled over 95% of the total token supply.
Previous reports detailed allegations that a founder of LAB was involved in manipulative practices on centralized exchanges, negatively impacting regular investors. While those reports didn’t directly link this behavior to RAIN, they explain why ZachXBT’s recent concerns immediately drew attention.
The main discussion around the RAIN token right now is about how open and honest the project is being. Traders are concerned that a small group of people may have too much influence over the token’s price due to its current value, how the tokens are distributed, and how easily they can be bought and sold.
As of now, neither any cryptocurrency exchange nor regulatory body has taken official action against Rain Protocol. Additionally, Rain Protocol itself hasn’t publicly addressed the situation, based on our research.
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2026-05-31 15:47