Rain Protocol
Summary
Rain Protocol (RAIN) is a decentralized prediction market infrastructure protocol built on Arbitrum that reached approximately $8.8–9 billion in fully diluted valuation by early June 2026, positioning it briefly among the top 15 cryptocurrencies globally. On June 5, 2026, on-chain investigator ZachXBT published findings alleging that addresses linked to the RAIN team share transaction trails with wallets connected to the failed Data Ownership Protocol (DOP) and TOMI projects, both previously linked to Israeli entrepreneur Moshe Hogeg, who faces criminal fraud charges in Israel. ZachXBT characterized the token as a likely insider-controlled pump with 99.97% of circulating supply held by 81 wallets and offered a $100,000 bounty for documentation of centralized exchange market manipulation; Rain Protocol had not issued a public response as of the date of these reports.
Connected Entities
1 entities · 10 linked investigations- + 1 more
Timeline(11 events)
2021-11-01
Moshe Hogeg, associated with TOMI and DOP projects, arrested in Israel on suspicion of cryptocurrency fraud and sexual offenses totaling alleged $290 million in losses.
Times of Israel2023-08-01
Israeli police recommend criminal charges against Moshe Hogeg including aggravated fraud, money laundering, and tax violations.
Times of Israel2024-04-03
Data Ownership Protocol (DOP), a project ZachXBT later links to RAIN via shared wallet trails, raises approximately $162 million in a token sale.
CryptoTimes2025-10-14
On-chain dust transactions allegedly linking RAIN deployer address 0xa35e to TOMI team multisig address 0xa810, both sending to common recipient 0xbac1 within 36 seconds, according to ZachXBT's analysis.
CryptoTimes2025-11-24
Enlivex Therapeutics (Nasdaq: ENLV) announces $212 million private placement to fund RAIN token treasury strategy; former Italian Prime Minister Matteo Renzi named to board.
GlobeNewswire / CoinDesk2026-05-28
Enlivex reports RAIN holdings valued at approximately $1.16 billion; Rain Foundation appoints industry leaders to advisory board.
GlobeNewswire2026-05-31
ZachXBT publishes initial warning flagging RAIN token as a possible insider pump, citing 99.97% supply concentration in 81 wallets and a valuation of approximately $9 billion FDV.
NullTX2026-06-01
Kraken announces scheduled delisting review cycle for RAIN as part of regular asset review process.
CryptoAdventure2026-06-05
ZachXBT publishes expanded investigation tracing RAIN team wallet addresses to DOP and TOMI networks via shared transaction trails; issues 'avoid at all costs' warning and raises $100,000 bounty for CEX manipulation documentation. Simultaneously downgrades Kraken from S-tier to B-tier over the listing.
CryptoTimes / NullTXDecision Log
- hash: Eh2wJiDxMeur3sXo7XHDpY89a6t54QFF3MyAYKD3JXbw
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/14/2026, 2:09:43 PM
last updated: 6/14/2026, 2:09:54 PM
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