Honestly, I’d just finished writing yesterday that RUNE had plunged 20% in a day, and today it’s clawed back a bit. Those two numbers have me confused.
According to CoinGecko, RUNE is currently around 0.56, up about 11% in 24 hours. But on the same chain, swaps for roughly ten routes—including BTC, ETH, and SOL—still aren’t fully open. The 10 ETH shortfall in the treasury has been returned, but the team hasn’t given a date for when the nodes will resume processing.
On the other hand, an on-chain investigator broke down the transactions on November 2: on days linked to stolen Binance funds flowing through a bridge, THORChain’s daily revenue surged more than 20 times above its October norm. The revenue figures are explosive, but the product is still only half operational. I wouldn’t take that contrast as a bullish signal and jump in.
Just my personal take—manage your own positions. Would you look at the revenue numbers first, or wait until all swaps are back online before making a move?
$RUNE $BTC $ETH
According to CoinGecko, RUNE is currently around 0.56, up about 11% in 24 hours. But on the same chain, swaps for roughly ten routes—including BTC, ETH, and SOL—still aren’t fully open. The 10 ETH shortfall in the treasury has been returned, but the team hasn’t given a date for when the nodes will resume processing.
On the other hand, an on-chain investigator broke down the transactions on November 2: on days linked to stolen Binance funds flowing through a bridge, THORChain’s daily revenue surged more than 20 times above its October norm. The revenue figures are explosive, but the product is still only half operational. I wouldn’t take that contrast as a bullish signal and jump in.
Just my personal take—manage your own positions. Would you look at the revenue numbers first, or wait until all swaps are back online before making a move?
$RUNE $BTC $ETH