
RAIN rises to $0.0134 amid Kraken's forced liquidation of remaining balances
- —RAIN price $0.01339, +5.5% in 24 hours, but -12.7% over the week and -3.8% over the month
- —Market cap $9.5 billion with daily turnover of about $29 million — only 0.3% of turnover to market cap
- —Kraken disabled trading and deposits on June 17, withdrawals on September 15, liquidation of balances runs until September 25
- —709.2 billion of 1.15 trillion tokens are in circulation, about 61% of maximum supply
Why it matters: RAIN's low liquidity amid Kraken's forced selling threatens holders with significant losses on exit.
Source: CryptoTicker