THORChain's RUNE coin has seen considerable price fluctuations, characterized by notable plunges and sporadic surges. A wave of speculation around THORChain's insolvency led to panic selling, causing the
RUNE price to crash by 30%. THORChain was also compelled to suspend withdrawals of Bitcoin and Ethereum, causing further market tumult. Despite these difficulties and a temporary
45% overnight decline in RUNE's value, THORChain managed to preserve its standing in the market, challenging insolvency rumours with a strong $320 million swap volume.
Recently, a major price drop occurred when the SEC took actions impacting RUNE's market positioning, causing further investor worries. Conversely, there have been periods of noticeable recovery, such as when
RUNE’s price surged by 30%, and when trading volume on the THORChain DEX soared following a Bybit hack, leading to
RUNE’s price jumping 22%. As for potential growth strategies, THORChain may address its $200M debt crisis by trading equity tokens.
The role of
Bitcoin DeFi in improving product-market fit with RUNE is a notable development. The RUNE token has been used in transactions on the Runecoin Network on the TON Blockchain. Additionally, there is speculation regarding the impact of new integrations on the RUNE price, along with a hard fork of THORChain that saw RUNE decline 70%. Overall,
RUNE has seen a 20% recovery in a week, hinting at possible resurgence.
RUNE Coin News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Sun, 16 Mar 2025 17:07:16 GMT -
Rating -2
- Innovation 6
- Information 8
- Rumor -2
