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ZachXBT links Rain Protocol wallets to TOMI and DOP funding flows

ZachXBT links Rain Protocol wallets to TOMI and DOP funding flows

The report alleges overlapping on-chain transfers involving addresses tied to Rain, TOMI and Data Ownership Protocol, questions Rain’s $27.2 million Arbitrum TVL and token pricing, and cites weak traction against an $8.8 billion market value.

ARB

Fact Check
The Odaily newsflash explicitly confirms ZachXBT's claim of overlapping on-chain transfers between Rain Protocol, TOMI, and DOP-linked addresses, with specific wallet prefixes cited. The same $27.2M Arbitrum TVL, Uni V3 LP price manipulation allegation, and weak traction critique appear in both Odaily and PANews coverage. ZachXBT's own X posts from 2026-05-31 corroborate his ongoing Rain Protocol investigation with consistent themes (Uni V3 LP manipulation, sketchy team backgrounds, launchpad Gems.vip). The $8.8B market value reference is not directly verified but the core funding-flow linkage claim is well-supported.
Summary

Rain Protocol is facing deeper scrutiny after ZachXBT said on-chain addresses linked to the project overlap with funding sources tied to failed projects TOMI and Data Ownership Protocol, while also alleging weak product traction and signs of token price manipulation. The report traced transfers in October 2025 from a Rain deployer-linked address, 0xa35e...b8bc, and a TOMI team multisig-linked address, 0xa810...d5d1, to 0xbac1...4fb0. It also said a wallet that received DOP multisig funds transferred to the same address. ZachXBT said TOMI and DOP trace back to Israeli founder Moshe Hogeg, previously detained over alleged crypto fraud. He further argued that Rain’s roughly $8.8 billion market value appeared disconnected from its on-chain activity, citing Arbitrum TVL of $27.2 million, about $1 million in annualized fees, and alleged links between related addresses, Gems hot wallets and centralized exchange deposit addresses.

Terms & Concepts
  • TVL: Total value locked, or assets deposited in a protocol.
  • multisig: A wallet requiring multiple approvals to move funds.
  • Uni V3 LP address: A Uniswap v3 liquidity pool address used to provide trading liquidity.