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Techub News, the cryptocurrency wallet Rainbow announced that it will launch the RNBW token on February 5th, and will initiate the RNBW token auction on Uniswap on February 2nd using the Continuous Clearing Auction (CCA) protocol. Rainbow stated that anyone can participate in this auction, 100% of the proceeds will automatically become on-chain liquidity for RNBW, and more details will be announced later. Rainbow had initiated a token sale on CoinList on December 12th last year, with the sale quantity being 3% of the total token supply and a token price of $0.1.
Techub News reported, according to AMBCrypto, the latest forecast from the Bitcoin Rainbow Chart indicates that by March 1, 2026, the asset could trade within a wide range of $41,882 to $459,303. This outlook comes as Bitcoin continues to face key resistance amid a broader cryptocurrency market correction. As of press time, Bitcoin is trading at $68,508, down 2.5% over the past 24 hours and approximately 0.5% below its all-time high.
Techub News reports that the cryptocurrency wallet Rainbow Foundation will announce the TGE date early next week. Additionally, the Rainbow Foundation will become the largest single shareholder of Rainbow Company upon the token issuance, holding 20% of the company's equity. Token holders and shareholders will be able to share the same returns. If Rainbow is acquired in the future, the foundation will gradually dissolve and distribute its net assets (including the proceeds from its 20% equity holdings) to token holders.
Techub News: Jack Dishman, a team member of the AI-driven Meme coin issuance platform Clanker, tweeted that last month, Rainbow approached Clanker to discuss a potential acquisition. After discussions, the Clanker team deemed the collaboration unsuitable and informed the other party last Thursday. However, on Friday, Rainbow contacted them again, threatening to publicly release a letter if the Clanker team did not respond. When Clanker once again clearly stated that it would not proceed with the deal, Rainbow still published a public letter today regarding the intended acquisition of Clanker without consent. Clanker is not interested in collaborating with Rainbow and therefore does not intend to continue related negotiations.
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