Rainbow Wallet Unveils RNBW Token and Clanker Acquisition Proposal

Rainbow unveils RNBW token and Clanker acquisition proposal.

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

You’ve been collecting Points for a reason.
That reason is called $RNBW. Coming Q4 2025. pic.twitter.com/37EObfuwnS

— Rainbow (@rainbowdotme) September 22, 2025

The team will allocate 4% of the total future coin issuance, which is about 20% of the circulation at TGE.

Rainbow’s proposed consideration and treatment of $CLANKER token holders as part of a broader proposal to acquire Clanker.@clankeronbase @JackDishman pic.twitter.com/4g1HnkyCUL

— Rainbow (@rainbowdotme) September 22, 2025

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

Last month, Rainbow approached Clanker about a potential acquisition.

After some discussions, we decided that it wasn’t the right fit and let them know last Thursday.

On Friday, Rainbow reached back out threatening to publish a public letter if we didn’t respond.

After we…

— dish (@JackDishman) September 22, 2025

According to him, Rainbow threatened to publish the proposal letter if they did not receive a response. After a repeated refusal, the wallet team released it without Clanker’s consent.

Rainbow responded that publishing the letter was “hardly a threat.”

To begin, you came to us talk acquisition first and we were (and still are) excited about what Clanker and Rainbow can do together.

We had come to terms in our previous discussions. The same terms we posted today. You left it with us as a done deal with some housekeeping on… https://t.co/013BN0yuQR

— Rainbow (@rainbowdotme) September 22, 2025

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

Following the news, the price of the CLANKER token surged by 70% — 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 with support from Arbitrum. According to Dune, the platform has generated $39 million in commission fees.

In addition to the RNBW announcement, developers introduced other updates. They will add real-time pricing, instant balance updates, and improved charts. The wallet will also feature perpetual futures trading based on Hyperliquid.

The Rainbow team called this the beginning of “phase three.” The project’s roadmap includes adding DeFi positions and support for new networks.

Back in September, Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that the Web3 wallet provider MetaMask is preparing to launch a native token in the near future.