RUNE burn drops from 5% to 1%, yet the discussion on the Binance Square surges to 34 times the usual level. A seemingly bearish change—how did it become a hot topic?
On September 23, THORChain changed how system revenue is allocated: 20% goes to POL (the protocol’s own liquidity), nodes take 59%, TCY gets 10%, the development fund and the marketing each get 5%, and the burn is reduced to just 1%.
The market only focuses on “burning less.” I’m looking at the other side: fees are no longer mainly used to burn; instead, they become deeper liquidity in a pool held by the protocol itself. POL will take RUNE out of circulation and make the pool deeper, but it’s not a buyback and it’s not a permanent reduction of supply. Don’t let the headline mislead you.
The second hotspot is Houdini’s privacy roadmap. It goes through centralized-exchange channels, not native privacy. Zcash goes first, Monero follows. The official message only mentions a soft launch and giving node operators about three days’ advance notice—no mainnet date is provided. The story is there, but real usage isn’t.
Now look at the chart: in the past 24 hours, short liquidations totaled $402,900, while long liquidations were $120,200—about 3.35 times. Open interest is roughly $34.49 million. This leg was pushed by a squeeze; spot isn’t absorbing it. Once the buy pressure stops, this kind of rally disappears.
If it’s bullish, there’s no escape—but what’s rising is the POL narrative. Privacy rumors and the squeeze won’t last long. There’s only one scenario for a reversal: after liquidation buy pressure fades, the pool liquidity injected by POL also fails to sustain trading depth. At that point, this move would just be another short squeeze. Before then, don’t use Zcash rumors as a reason to buy.
$RUNE #THORChain #DeFi
On September 23, THORChain changed how system revenue is allocated: 20% goes to POL (the protocol’s own liquidity), nodes take 59%, TCY gets 10%, the development fund and the marketing each get 5%, and the burn is reduced to just 1%.
The market only focuses on “burning less.” I’m looking at the other side: fees are no longer mainly used to burn; instead, they become deeper liquidity in a pool held by the protocol itself. POL will take RUNE out of circulation and make the pool deeper, but it’s not a buyback and it’s not a permanent reduction of supply. Don’t let the headline mislead you.
The second hotspot is Houdini’s privacy roadmap. It goes through centralized-exchange channels, not native privacy. Zcash goes first, Monero follows. The official message only mentions a soft launch and giving node operators about three days’ advance notice—no mainnet date is provided. The story is there, but real usage isn’t.
Now look at the chart: in the past 24 hours, short liquidations totaled $402,900, while long liquidations were $120,200—about 3.35 times. Open interest is roughly $34.49 million. This leg was pushed by a squeeze; spot isn’t absorbing it. Once the buy pressure stops, this kind of rally disappears.
If it’s bullish, there’s no escape—but what’s rising is the POL narrative. Privacy rumors and the squeeze won’t last long. There’s only one scenario for a reversal: after liquidation buy pressure fades, the pool liquidity injected by POL also fails to sustain trading depth. At that point, this move would just be another short squeeze. Before then, don’t use Zcash rumors as a reason to buy.
$RUNE #THORChain #DeFi