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The asset's market capitalization jumped above $1.7 billion.The asset's market capitalization jumped above $1.7 billion.

RAIN Token Explodes 100% Hourly: Did Italy’s Former PM Fuel the Surge?

Author: CryptoPotatoSource: CryptoPotato
2025/11/24 23:02
Rain Protocol
RAIN$0.0092926-1.30%
TokenFi
TOKEN$0.004828-1.52%
Fuel
FUEL$0.00166-4.04%
SURGE
SURGE$0.14265+69.41%

The cryptocurrency market has consolidated in the past 24 hours, with most leading digital assets registering mild gains or insignificant losses.

However, one rather unfamiliar token skyrocketed by more than 100% in the past hour following a multi-million dollar initiative featuring the former Italian Prime Minister Matteo Rizi.

What a Pump

Enlivex Therapeutics (a clinical-stage immunotherapy company) announced that it has entered into a securities purchase agreement for a private investment in public equity for the purchase and sale of 212 million ordinary shares at a price of $1 per unit.

The organization plans to use the proceeds to implement the first RAIN prediction markets token treasury strategy. Speaking on the matter was Shai Novik, Chairman of the Board of Directors of Enlivex:

RAIN – the native token of the RAIN Protocol – shot by roughly 100% after the news, with its price reaching an all-time high of approximately $0.006974 (per CoinGecko’s data). Its market capitalization exceeded $1.7 billion, making the asset the 65th-biggest in the entire industry and flipping altcoins like Aptos (APT), Ondo (ONDO), Worldcoin (WLD), Official Trump (TRUMP), and others.

RAIN PriceRAIN Price, Source: CoinGecko

Meanwhile, Chairman Novik revealed that Matteo Renzi (former Prime Minister of Italy who served from 2014 to 2016) has joined the Board of Directors of Enlivex.

What is RAIN?

Rain Protocol is a decentralized protocol built on Arbitrum that enables users to create options on numerous subjects without permission. People can define their own markets and select the outcomes, as the entity’s vision is to allow maximum decentralization, transparency, and control for each participant.

The project’s native token is RAIN, which began trading in September this year. Some exchanges that offer trading services for the asset include MEXC, BitMart, and BingX.

The post RAIN Token Explodes 100% Hourly: Did Italy’s Former PM Fuel the Surge? appeared first on CryptoPotato.

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Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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