Rainbow Wallet Unveils RNBW Token and Pursues Clanker Acquisition Amid Controversy Translation: Rainbow Wallet Unveils RNBW Token and Pursues Clanker Acquisition Amid Controversy

The non-custodial wallet Rainbow has announced the launch of the RNBW token and has published a proposal to acquire the Clanker launchpad.

The team plans to allocate 4% of the total future coin supply, which amounts to around 20% of the circulation at the token generation event (TGE).

Clanker’s founder, Jack Dishman, refuted Rainbow’s claims, emphasizing that he rejected the deal last week.

According to him, Rainbow threatened to release a letter with a proposal if they did not receive a response. After another refusal, the wallet team made the document public without Clanker’s consent.

Rainbow responded by stating that releasing the letter «is hardly a threat.»

The project also pointed to the increase in Clanker’s asset price as evidence that the community views the deal favorably.

Following the news, the CLANKER token price surged by 70%, rising from $28 to $48. At the time of writing, the coin is trading at $32.76, according to CoinGecko.

Clanker is a token launchpad on the Base blockchain, supported by Arbitrum. According to Dune, the platform has generated $39 million in fees.

In addition to the RNBW announcement, the developers introduced other updates. They will be adding real-time pricing, instant balance updates, and enhanced charts. The wallet will also incorporate trading of perpetual futures based on Hyperliquid.

The Rainbow team referred to this as the beginning of «phase three.» The project’s roadmap includes adding DeFi positions and supporting new networks.

It is worth noting that in September, Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that the Web3 wallet provider MetaMask is preparing to launch a native token very soon.