ZachXBT urges people to stay away from prediction markets. Rain's token price is suspected of being manipulated, and the team is associated with controversial figures.

CoinFeed reported on June 5th that ZachXBT issued a community warning, advising users to stay away from the prediction market project Rain Protocol. He pointed out that the project has very few users, its product lacks market appeal, it has no well-known backers, and the team has almost no experience in the industry. On-chain addresses show that Rain's team's funding sources are related to Gems hot wallets and exchange deposit addresses. These addresses have transferred funds for failed projects such as Data Ownership Protocol and TOMI, indicating overlapping teams. In addition, Rain's token price appears to be manipulated, with on-chain addresses trading through Uniswap V3 liquidity pools and obfuscating transfer paths through Gems hot wallets. Rain's total value locked is $27.2 million, but all of it is its native token with extremely poor liquidity.