↝ **Mixed Market Sentiments Hover Around THORChain (RUNE)**

Recent updates on **THORchain (RUNE)** convey a mixed sentiment in the market. A popular **cryptocurrency**, RUNE previously faced a severe drop in price following the pause of Bitcoin and Ether based services on THORchain, leading to a significant decline in its liquidity. Criticisms on its insolvency have further pushed the cryptocurrency on a backfoot. The platform also encountered a bearish market pressure adding to the adverse conditions. However, the project's developers look determined to recover, as indicated by measures like the approval of a proposal to resolve a $200 million debt with **TCY token** and ramping up efforts to boost trading volume. Subsequently, RUNE's trading volume hit a record-breaking $800 million and the price exited a **bearish pattern**. The coin also gained popularity for supporting the introduction of Asset Runes and agents making significant contributions to **Bitcoin DeFi**. Despite the uncertainties, the potential for recovery exists, evidenced by successful spikes in the price and a possible rebound to **$30**. With steps like the introduction of **USDC** and other tokens to bitcoin through Starknet's Asset Runes and approaches to trade and mint on **Bitcoin Runes** platform, the project is showing innovation. Although reactions from the DeFI community on the controversies surrounding RUNE are yet to be completely settled, THORchain's ongoing strategies and updates portray an optimistic future.

RUNE Coin News Analytics from Tue, 23 Jul 2019 21:09:17 GMT to Tue, 03 Jun 2025 07:00:00 GMT - Rating 0 - Innovation 7 - Information 5 - Rumor -1