L2Beat said it has removed non-circulating RAIN tokens worth about $7 billion that are controlled by the project team’s multi-signature wallets from the Arbitrum TVS statistics. L2Beat further noted that even after excluding the above assets, RAIN still ranks as Arbitrum’s largest asset with a market size of about $2.6 billion, exceeding USDC and ETH, and described this situation as “clearly unreasonable,” saying there are signs of serious artificial manipulation of the token and that further investigations are underway.

RAIN-0.99%
USDC0.06%
ETH-3.03%
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