Rain Protocol (RAIN Token)
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anchored·3QT4Dr…iVwtSummary
Rain Protocol is a decentralized prediction markets protocol built on Arbitrum, with its native RAIN token reaching an approximately $8.8 billion fully diluted valuation (FDV) by mid-2026. On-chain investigator ZachXBT alleged in June 2026 that 99.97% of RAIN's total supply is controlled by 81 wallets and that deployer wallet funding trails link the Rain team to the Data Ownership Protocol (DOP) and TOMI networks, projects associated with Israeli entrepreneur Moshe Hogeg, who faces a recommended $290 million fraud indictment in Israel. Rain Protocol has not issued a public response to these allegations, and no regulatory action has been taken against Rain Protocol directly.
Connected Entities
8 entities · 60 linked investigations- Rain Protocol (RAIN Token)→mentioned with→Arbitrum(65%)
- Rain Protocol (RAIN Token)→mentioned with→Kraken(75%)
- Rain Protocol (RAIN Token)→mentioned with→Rain(70%)
- Rain Protocol (RAIN Token)→mentioned with→Uniswap(60%)
- Rain Protocol (RAIN Token)→mentioned with→ZachXBT(70%)
- ZachXBT→mentioned with→Kraken(60%)
- Rain Protocol (RAIN Token)→mentioned with→Polymarket(75%)
- Rain Protocol→mentioned with→Polymarket(70%)
- Rain Protocol (RAIN Token)→mentioned with→Rain Protocol(80%)
- Rain Protocol→mentioned with→Arbitrum(80%)
- + 7 more
Timeline(14 events)
2017
Moshe Hogeg allegedly raises approximately $290 million across four cryptocurrency projects under alleged false pretenses. Projects later identified in connection with him include Sirin Labs (~$158M ICO), Stox (~$34M ICO), and Leadcoin (~$58M ICO).
Times of Israel / Bitcoin News18 November 2021
Moshe Hogeg arrested by Israeli police along with seven others on charges including fraud, money laundering, and sexual offenses.
CoinDeskDecember 2021
Moshe Hogeg released to house arrest on approximately $22 million bail. He denies all allegations.
Crypto Times23 August 2023
Israeli National Fraud Investigations Unit (NAU) recommends indictment of Moshe Hogeg for $290 million cryptocurrency fraud. Cases referred to prosecutors. Hogeg continues to deny charges.
Bloomberg / Times of Israel14 October 2025
Alleged RAIN deployer address (0xa35e61cb836ae15f2d7d400efb49bda7222b98bc) sends dust to address 0xbac1; alleged TOMI multisig sends dust to the same address 36 seconds earlier, per ZachXBT's on-chain analysis.
Crypto Times24 November 2025
Nasdaq-listed Enlivex Therapeutics (ENLV) announces $212 million PIPE offering to establish a Rain token digital asset treasury, described as the first prediction-markets DAT. RAIN surges over 120%. Former Italian PM Matteo Renzi joins Enlivex board.
CoinDesk / GlobeNewswireDecember 2025
Wallet 0xbac19cb634c34baf7670263ccc74806a2d004fb0 allegedly receives funds from address 0xf205, which itself had previously received funds from a DOP multisig, per ZachXBT's analysis.
Crypto Times30 April 2026
RAIN token listed on HTX (formerly Huobi) cryptocurrency exchange, per Enlivex treasury portfolio update.
GlobeNewswire27 May 2026
Enlivex announces Rain Foundation's $100 million liquidity commitment ($50M USDT + $50M RAIN) elevates Rain Protocol to third place globally among prediction markets by TVL.
Globe and Mail31 May 2026
ZachXBT publishes initial investigation flagging Rain Protocol as a possible insider pump, citing 99.97% supply concentration in 81 wallets and FDV near $9 billion with minimal protocol fundamentals.
NullTX5 June 2026
ZachXBT publishes expanded on-chain investigation tracing alleged RAIN team wallets to DOP and TOMI networks via Gems.vip hot wallet, citing specific transaction timestamps and address connections.
Crypto Times5 June 2026
ZachXBT urges followers to 'avoid Rain at all costs,' raises personal bounty to $100,000 for insider documentation (business contracts, chat logs) related to alleged CEX market manipulation involving RAIN.
NullTX / CryptoPotato5 June 2026
ZachXBT downgrades Kraken exchange from S-tier to B-tier, citing listing of low-quality tokens including RAIN, alongside M, RIVER, and RAVE.
Crypto Adventure20 June 2026
Enlivex reports RAIN token holdings of approximately 79.57 billion tokens valued at approximately $1.14 billion.
Quiver QuantitativeDecision Log
- hash: F3BLxt7VYuGcDAwxA7Wd9usWK6BpKS8y32V8W4A96T8h
This investigation is cryptographically anchored to the Solana blockchain (1 event). 17 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/26/2026, 11:05:10 PM
last updated: 7/28/2026, 1:57:06 AM
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