The wildest gainer on yesterday’s leaderboard: $RAIN rose more than 105% in 24 hours to $0.0075, making it the best performer in the top 100.
RAIN is a prediction market project on Arbitrum. In addition to public markets, it also lets users create private markets. The reason behind this surge is very “Wall Street”: Nasdaq-listed biopharmaceutical company Enlivex announced on Monday that it had raised $212 million through a share sale and would hold RAIN as a treasury asset (DAT). Its prospectus also said it would use staking, restaking, DeFi, and other strategies to increase the value of its holdings.
My take: We’ve seen the DAT narrative plenty of times over the past two years. Enlivex’s share price has already fallen about 99% since its IPO, and during Monday’s trading session it dropped nearly 44% from its high. In such a weak market, the staying power of a rally driven by “treasury companies buying crypto” is questionable. Be careful about chasing the price.
$ARB A new story like this emerging in the ecosystem is also one indication of the prediction market sector’s growing buzz.
#预测市场 #DAT
For informational purposes only; this is not investment advice.
RAIN is a prediction market project on Arbitrum. In addition to public markets, it also lets users create private markets. The reason behind this surge is very “Wall Street”: Nasdaq-listed biopharmaceutical company Enlivex announced on Monday that it had raised $212 million through a share sale and would hold RAIN as a treasury asset (DAT). Its prospectus also said it would use staking, restaking, DeFi, and other strategies to increase the value of its holdings.
My take: We’ve seen the DAT narrative plenty of times over the past two years. Enlivex’s share price has already fallen about 99% since its IPO, and during Monday’s trading session it dropped nearly 44% from its high. In such a weak market, the staying power of a rally driven by “treasury companies buying crypto” is questionable. Be careful about chasing the price.
$ARB A new story like this emerging in the ecosystem is also one indication of the prediction market sector’s growing buzz.
#预测市场 #DAT
For informational purposes only; this is not investment advice.