The
cryptocurrency sector has observed quite a few significant developments with regards to
RUNE Coin and the associated
THORChain. THORChain's
DEX volume soared as the value of RUNE surged by
22% amidst the Bybit Hack, however, a fallout was observed later with the suspension of withdrawals in Bitcoin, Ethereum, leading to a fall of the RUNE price by
30%. It is reported that a strategy tackling major debt was adopted by THORChain with the launch of new equity tokens, that too in the midst of the crashing RUNE market. However, despite the losses, significant
trading volume was seen as RUNE exited its bearish pattern, with THORChain hitting a record-breaking $800M trading volume. The ongoing situation is not all dim; THORChain might be at crossroads with a potential block reward slash. But Starknet's launch of Asset Runes and the introduction of native AMM capabilities by Runes Protocol potentially indicates an enhancement in
Bitcoin DeFi.Nevertheless, other events, such as a significant slump of
26% amidst claims of insolvency and an overnight drop of RUNE by
45%, suggest rough times for THORChain. Amidst these developments, a critical analysis of THORChain and RUNE token in relation to the current crisis holds relevance. Finally, with the evolving dynamics of the
cryptocurrency market, and given the collapse and potential recovery of RUNE, and buzz around Bitcoin Runes Protocol, there's an intriguing narrative shaping up around
RUNE coin.
RUNE Coin News Analytics from Tue, 23 Jul 2019 21:09:17 GMT to Mon, 16 Jun 2025 07:00:00 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor 5
