THORChain ($RUNE) Crypto Forecast: Down 5.1% Today

What is THORChain?

RUNE is a cryptocurrency token associated with THORChain, a decentralized liquidity protocol enabling cross-chain token swaps. The cryptocurrency market has been volatile recently, with RUNE showing significant bearish movement.

Why is THORChain going down?

RUNE crypto is down 5.1% on May 23, 2025 19:01

• The bearish movement in RUNE may be linked to concerns arising from a recent Coinbase exploit, which has cast a shadow over security in the cryptocurrency sphere.
• Despite positive price action for THORChain, RUNE encountered challenges around the $2.93 level, potentially triggering profit-taking and increased selling pressure.
• The on-chain trolling incident involving ZachXBT and the hacker behind the Coinbase exploit could have intensified market uncertainty and fear, contributing to a bearish sentiment towards assets like RUNE.
• In summary, security breaches, technical resistance levels, and negative market sentiment likely drove the bearish movement observed in RUNE today.

RUNE Price Chart

RUNE Technical Analysis

RUNE News

Thief Behind Massive Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT

Thief Behind Massive Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT

https://dailyhodl.com/2025/05/23/thief-behind-massive-coinbase-exploit-swaps-stolen-crypto-and-trolls-on-chain-sleuth-zachxbt/

THORChain jumps 16%, challenges $2.93 – Only THIS level stands in RUNE’s way

THORChain jumps 16%, challenges $2.93 – Only THIS level stands in RUNE’s way

https://ambcrypto.com/thorchain-jumps-16-challenges-2-93-only-this-level-stands-in-runes-way/

Coinbase hacker trolls ZachXBT onchain after $42.5M THORChain swap

The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap.On May 21, the hacker used Ethereum transaction input data to write "L bozo," followed by a meme video of NBA player James Worthy smoking a ...

https://cointelegraph.com/news/coinbase-hacker-trolls-zachxbt-moves-millions-through-thorchain

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THORChain Price History

30.03.2025 - RUNE Crypto was down 5.3%

• The decline in RUNE's value today may be linked to the drop in THORChain's DeFi USD Total Value Locked (TVL) in Q1, despite an increase in native deposits. This discrepancy could have unsettled investors about the project's overall strength and growth prospects.
• Initial enthusiasm and positive sentiment following the announcement of XRP stagenet's integration before the mainnet launch might have waned if investors perceived delays or complications in the process, leading to token sell-offs.
• Despite increased swap activity and protocol fees from the XRP integration, these gains may not have been enough to counterbalance the negative impact of the TVL decrease, prompting some traders to capitalize on gains or limit losses in the short run.
• Today's RUNE market activity indicates a mix of eagerness for upcoming developments and apprehensions regarding the project's performance measures, emphasizing the significance of monitoring technical advancements and fundamental indicators in the cryptocurrency realm.

11.02.2025 - RUNE Crypto was up 5.2%

• The bullish movement in RUNE could be attributed to positive sentiment in the DeFi space, with investors showing confidence in projects like THORChain.
• The speculation surrounding THORChain's involvement in illicit activities may have initially caused some uncertainty in the market, but the strong bullish movement suggests that investors are focusing more on the project's potential and technological advancements rather than the negative news.
• Despite the criticisms and money laundering allegations, RUNE's bullish movement indicates that investors are optimistic about the project's ability to navigate regulatory challenges and continue innovating in the DeFi sector.

21.03.2025 - RUNE Crypto was up 6.1%

• The bullish movement of RUNE today could be attributed to positive sentiment in the overall cryptocurrency market, with investors showing confidence and increasing their positions.
• The recent hack by a specific group and efforts to trace the funds may have indirectly impacted the cryptocurrency market, leading to increased interest in decentralized finance projects like THORChain, which RUNE is a part of.
• Investors might be viewing decentralized finance platforms as more secure and transparent alternatives, leading to a surge in demand for tokens like RUNE.

28.03.2025 - RUNE Crypto was up 5.1%

• Despite the initial slump in THORChain's Total Value Locked (TVL) due to RUNE's bearish movement, the surge in native deposits indicates renewed interest and confidence in the token.
• The bullish movement of RUNE today could be attributed to the increased native deposits, showing that investors are optimistic about the future of the THORChain ecosystem.
• This positive market movement suggests that the recent slump in THORChain's TVL in Q1 may have been a temporary setback, with investors now showing renewed enthusiasm for the project.

09.03.2025 - RUNE Crypto was down 5.6%

• RUNE experienced a bearish movement likely due to the broader market turmoil and uncertainty surrounding regulatory actions.
• A decision to delist certain crypto pairs may have added to the negative sentiment in the market, impacting the price of tokens like RUNE.
• The market volatility and potential risk associated with the delisting of crypto pairs could have led investors to sell off assets like RUNE, contributing to the bearish movement.
• Traders may be cautious about the future performance of tokens like RUNE amidst the ongoing market turbulence and regulatory challenges, leading to a downward trend in prices.

23.04.2025 - RUNE Crypto was down 6.3%

• The strong bearish movement in RUNE today could be attributed to profit-taking by traders after a recent 16% jump in THORChain's price, leading to a correction in the market.
• The on-chain trolling of a blockchain investigator by the hacker involved in the Coinbase data breach might have added to the negative sentiment surrounding the cryptocurrency, causing some investors to sell off their positions.
• The challenge of reaching the $2.93 level for THORChain could have created uncertainty and resistance in the market, impacting the price of associated tokens like RUNE.
• Overall, the combination of profit-taking, negative sentiment from the hacking incident, and market resistance likely contributed to the bearish movement in RUNE today.

23.04.2025 - RUNE Crypto was down 5.1%

• The bearish movement in RUNE may be linked to concerns arising from a recent Coinbase exploit, which has cast a shadow over security in the cryptocurrency sphere.
• Despite positive price action for THORChain, RUNE encountered challenges around the $2.93 level, potentially triggering profit-taking and increased selling pressure.
• The on-chain trolling incident involving ZachXBT and the hacker behind the Coinbase exploit could have intensified market uncertainty and fear, contributing to a bearish sentiment towards assets like RUNE.
• In summary, security breaches, technical resistance levels, and negative market sentiment likely drove the bearish movement observed in RUNE today.

16.03.2025 - RUNE Crypto was down 5.2%

• RUNE experienced a bearish movement likely due to profit-taking by investors after a period of strong gains.
• The market turmoil mentioned in the Binance delisting news may have added to the selling pressure on various cryptocurrencies, including RUNE.
• The positive price action of Pi Coin following the Chainlink integration may have diverted some attention and funds away from other cryptocurrencies like RUNE.
• Overall, the combination of profit-taking, market uncertainty, and shifting investor focus contributed to the bearish movement in RUNE today.

05.02.2025 - RUNE Crypto was down 5.2%

• The bearish movement in RUNE could be attributed to the controversy surrounding the laundering of stolen Bybit funds using THORChain by the Lazarus group.
• The news of North Korean transactions debacle and a potential 70% decline in THORChain might have spooked investors, leading to a sell-off in the token.
• The exit of a THORChain developer and the threat of a validator to follow suit due to the failed bid to halt North Korean transactions could have added to the negative sentiment surrounding the project.
• The ongoing laundering of hacked funds, including a substantial amount of Ethereum, by the Bybit hacker might have raised concerns about security and compliance within the cryptocurrency space, impacting RUNE's price negatively.

05.02.2025 - RUNE Crypto was up 5.2%

• Despite recent controversies, including money laundering concerns and North Korean transactions, the asset displayed a strong bullish movement today.
• This upward trend might be due to investors viewing the recent price drop as a buying opportunity and making purchases at reduced prices.
• Positive developments within the THORChain ecosystem that were not widely publicized could have also influenced the market's behavior.
• Traders should stay updated on developments related to THORChain to make well-informed decisions in the current unpredictable market environment.

22.04.2025 - RUNE Crypto was up 13.5%

• The upward trend in the price of RUNE could be linked to the growing interest in DeFi projects like THORChain.
• A notable incident involving the Coinbase hacker and blockchain investigator ZachXBT might have sparked curiosity around THORChain, attracting more investment to the platform.
• The hacker's message on the blockchain and the subsequent $42.5M THORChain exchange could have demonstrated the robustness and security measures of the protocol, instilling confidence in traders and investors.
• Overall, the positive outlook towards THORChain post the incident could have influenced the bullish momentum in the value of the RUNE token.

02.02.2025 - RUNE Crypto was up 5.4%

• Despite recent events involving THORChain and a crypto platform, RUNE witnessed a significant uptrend.
• Investors appear to be optimistic about THORChain's technology and the project's ability to withstand challenges.
• The token's rise may be influenced by market speculation or technical aspects rather than the negative publicity.
• Traders should stay informed about industry developments and weigh both positive and negative aspects before making decisions.