The price move followed a statement that Rain Foundation established a $100 million liquidity base aimed at supporting traders in the RAIN market.
RAIN rose 44% after Rain Foundation said it had built a $100 million liquidity base for traders. The announcement points to deeper market liquidity, which generally helps trading by supporting order execution and reducing sharp price swings in thinner markets. The source does not provide further details on the structure, timing, or funding of the liquidity base beyond the headline claim.