Rain (RAIN) trades at $0.00887 on Friday evening. That makes it the 21st largest cryptocurrency by market capitalisation, and that is exactly what is odd about it: on paper the market value is $6.30 billion, yet only $7.14 million changed hands over the past 24 hours. Anyone unwinding a larger position meets a market too small to take it.
Since the token unlock of October 12, our own analysis puts 709.25 billion RAIN in circulation out of 1,142.41 billion units issued in total. That is 62.08 percent. The price sits 13.68 percent below last week's level and 54.42 percent below the high of August 25.
How many RAIN are in circulation today
A token unlock is the end of a lock-up: units that were contractually tied up become transferable and can be sold. For RAIN that process runs in stages rather than in a single step.
The position after the October date, taken from CoinGecko's supply and trading data:
- Circulating supply: 709.25 billion RAIN
- Total issued supply: 1,142.41 billion RAIN
- Maximum supply: 1,150 billion RAIN
- Not yet transferable: 433.15 billion RAIN, or 37.92 percent
- Market capitalisation: $6.30 billion
cryptoticker.io compiled t...
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