Nasdaq Biotech’s $212M RAIN Funding Sparks 130% Jump

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Nasdaq Biotech’s $212M RAIN Funding Sparks 130% Jump

Bitget-RWA2025/11/25 16:46

By:Bitget-RWA

- Enlivex Therapeutics invests $212M in RAIN tokens via a Nasdaq-listed biotech's first prediction market-focused strategy, driving a 130% price surge. - The move coincides with former Italian PM Matteo Renzi joining Enlivex's board, sparking speculation about institutional crypto adoption and political influence. - RAIN broke key technical resistance levels, reaching $0.006974 and $1.7B market cap, but analysts warn of potential reversals if $0.00800 resistance fails. - Despite Enlivex's 23% YTD stock dec

RAIN Token Jumps 130% Following Nasdaq Biotech’s $212M Investment and Major Leadership Change

The RAIN token, which powers the Rain decentralized prediction market on

Arbitrum

, has soared by more than 130% in recent trading, driven by a significant corporate purchase and the surprising appointment of former Italian Prime Minister Matteo Renzi to the board of a Nasdaq-listed biotech company.

Enlivex Therapeutics

(ENLV), a biotech firm focused on immunotherapy, revealed on Monday that it will use $212 million from a private investment in public equity (PIPE) round to acquire RAIN tokens,

representing the first time a company has centered its strategy

around a prediction market token.

This development has brought RAIN into the limelight,

with its value rising 9%

over the past month and surging 795% since its debut in September 2023.

The token reached a record high

of $0.006974, pushing its market cap above $1.7 billion and surpassing assets such as

Aptos

(APT) and

Worldcoin

(WLD) in the rankings. Shai Novik, CEO of Enlivex,

pointed to the token’s “decentralized structure” and “scalable approach”

as main reasons for the investment, describing prediction markets as “among the fastest-expanding areas in crypto.”

The rally coincided with the

news that Renzi would be joining Enlivex’s board

. This political connection fueled further speculation, with traders on platforms like X analyzing the implications. “This changes the game for RAIN,”

one analyst posted

, emphasizing the impact of both institutional investment and prominent leadership.

Technical signals also indicate that the token’s breakout is backed by robust on-chain metrics.

As reported by CCN

, RAIN moved above a 1,100-day descending resistance and broke through the $0.00100 horizontal barrier.

The price has since challenged

the $0.00800 resistance level, a key area for further upward movement. Still, experts warn that

Fibonacci retracement and Elliott Wave analysis

indicate a possible pullback if the price cannot close above $0.00800.

Enlivex’s purchase far exceeds RAIN’s current market fundamentals.

According to DeFiLlama

, the token supports a protocol with $1 million in total value locked (TVL) and $73,378 in monthly revenue. In comparison, competitor Polymarket boasts $259 million in TVL. Meanwhile, Enlivex’s stock has dropped 23% so far this year,

prompting questions about this strategic shift

Short-term outlooks for RAIN remain optimistic.

BeInCrypto estimates

the token could fluctuate between $0.00362 and $0.00824 in the near future, maintaining a “bullish” outlook. Longer-term projections are more reserved,

referencing factors such as institutional involvement

and changes in regulation.

Nasdaq Biotech’s $212M RAIN Funding Sparks 130% Jump image 0

As the market reacts to Enlivex’s decision, RAIN’s future will depend on its ability to keep up trading activity and attract wider use. For now, the token’s rapid ascent highlights the influence of institutional support and narrative-driven speculation in the cryptocurrency space.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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