THORchain
550,789 views
284 Discussing
Hot
Latest
๐ท $RUNE Coin โ THORChain Rising! โก
$RUNE is powering the future of cross-chain DeFi โ no wrapped tokens, no bridges.โ
Real swaps, real assets, real fast. ๐๐ฅ
๐ Why $RUNE ? ๐น Native cross-chain swaps (BTC, ETH, BNB & more)
๐น High liquidity & fast settlement
๐น True decentralization = no middlemen
๐น Utility-driven token with staking rewards ๐ธ
๐ Price quietly coilingโฆ eyes on the breakout zone ๐
DeFi isn't dead โ itโs just waiting for $RUNE to lead the charge! ๐
Stack smart. Stake early. Surf the THORChain wave ๐
#RUNE #THORChain #DeFi2025 #AltcoinGems #Write2Earn
$RUNE is powering the future of cross-chain DeFi โ no wrapped tokens, no bridges.โ
Real swaps, real assets, real fast. ๐๐ฅ
๐ Why $RUNE ? ๐น Native cross-chain swaps (BTC, ETH, BNB & more)
๐น High liquidity & fast settlement
๐น True decentralization = no middlemen
๐น Utility-driven token with staking rewards ๐ธ
๐ Price quietly coilingโฆ eyes on the breakout zone ๐
DeFi isn't dead โ itโs just waiting for $RUNE to lead the charge! ๐
Stack smart. Stake early. Surf the THORChain wave ๐
#RUNE #THORChain #DeFi2025 #AltcoinGems #Write2Earn
RUNE THORChain: Powering Cross-Chain Liquidity! ๐
๐ฎ Seamless swaps across blockchains! ๐
๐ซ Fun fact: THORChain enables native cross-chain swaps without wrapping tokens, connecting Bitcoin, Ethereum, and more since its mainnet launch in 2022! ๐
โจ RUNE strengths:
๐ True cross-chain interoperability
๐ Non-custodial security
๐ Value tied to network growth
๐ Bridging DeFiโs future! ๐
๐ Dive into the secrets of the crypto world and learn about: $RUNE
๐จ Bonus tip: If you believe in this project, the best time to invest is NOW! ๐ซ
If you liked it โบ๏ธ, support the project! ๐๐ป Like & Share! ๐ฃ Comment how far you think $RUNE can reach? ๐
๐งโโ๏ธ Iโm GrayHoood, your daily oracle of crypto wisdom. ๐ฎ Follow me and stay tuned! ๐ค๐ป
DYOR! Stay curious! and keep investing wisely! ๐ฆ โจ
#RUNE #THORChain #crypto @THORChain @THORSwap
๐ฎ Seamless swaps across blockchains! ๐
๐ซ Fun fact: THORChain enables native cross-chain swaps without wrapping tokens, connecting Bitcoin, Ethereum, and more since its mainnet launch in 2022! ๐
โจ RUNE strengths:
๐ True cross-chain interoperability
๐ Non-custodial security
๐ Value tied to network growth
๐ Bridging DeFiโs future! ๐
๐ Dive into the secrets of the crypto world and learn about: $RUNE
๐จ Bonus tip: If you believe in this project, the best time to invest is NOW! ๐ซ
If you liked it โบ๏ธ, support the project! ๐๐ป Like & Share! ๐ฃ Comment how far you think $RUNE can reach? ๐
๐งโโ๏ธ Iโm GrayHoood, your daily oracle of crypto wisdom. ๐ฎ Follow me and stay tuned! ๐ค๐ป
DYOR! Stay curious! and keep investing wisely! ๐ฆ โจ
#RUNE #THORChain #crypto @THORChain @THORSwap
๐ Liquidity Is Flowing โ And $RUNE Is Leading the Tide ๐
.
Looking for real utility in a sea of speculation? $RUNE (THORChain) is making waves.
.
Why it matters:
๐ True cross-chain swaps โ no wrapped assets
โก Near-instant speed with deep liquidity
๐ก๏ธ Native assets, no bridges = less risk
.
As DeFi gears up for the next leg, $RUNE is quietly becoming a core layer of on-chain liquidity.
.
๐ Price action is showing strength. Volumeโs rising.
This isnโt hype โ itโs fundamentals + momentum.
.
Donโt just chase the pumps. Position on strength.
And right now, Rune is showing it.
.
#Binance #WriteToEarn #RUNE #THORChain #CryptoTrading.
.
Looking for real utility in a sea of speculation? $RUNE (THORChain) is making waves.
.
Why it matters:
๐ True cross-chain swaps โ no wrapped assets
โก Near-instant speed with deep liquidity
๐ก๏ธ Native assets, no bridges = less risk
.
As DeFi gears up for the next leg, $RUNE is quietly becoming a core layer of on-chain liquidity.
.
๐ Price action is showing strength. Volumeโs rising.
This isnโt hype โ itโs fundamentals + momentum.
.
Donโt just chase the pumps. Position on strength.
And right now, Rune is showing it.
.
#Binance #WriteToEarn #RUNE #THORChain #CryptoTrading.
โ๏ธ THORChain (RUNE) Network Upgrade โ Binance Ne Support Announce Kar Diya! ๐ฅ
Binance ne official update diya hai ke RUNE (THORChain) ka network upgrade hone ja raha hai, jiske liye deposit aur withdrawal temporarily suspend kiye ja rahe hain.
๐ Date & Time:
โ Suspend Start: July 17, 2025 โ 00:00 (UTC+8)
๐ Binance RUNE network ka upgrade block height 21,984,000 par support karega.
---
๐ก Kya Hoga Is Upgrade Me?
โ Trading active rahegi โ sirf deposit/withdraw band honge
โ Binance automatically handle karega upgrade process
โ Upgrade ke baad network hoga faster, secure aur better cross-chain support ke saath
---
๐ RUNE Holders Kya Sochein?
RUNE ka price abhi stable hai, lekin upgrade ke baad market reaction aa sakta hai...
> ๐ป Short-term dump ya
๐บ Long-term pump?
๐ Tum kya soch rahe ho?
Apna view comment me likho โ kya RUNE ab lene ka sahi waqt hai?
#THORChain $RUNE #BinanceUpdates #CryptoUpgrade #BinanceSquare #BlockchainNews
Binance ne official update diya hai ke RUNE (THORChain) ka network upgrade hone ja raha hai, jiske liye deposit aur withdrawal temporarily suspend kiye ja rahe hain.
๐ Date & Time:
โ Suspend Start: July 17, 2025 โ 00:00 (UTC+8)
๐ Binance RUNE network ka upgrade block height 21,984,000 par support karega.
---
๐ก Kya Hoga Is Upgrade Me?
โ Trading active rahegi โ sirf deposit/withdraw band honge
โ Binance automatically handle karega upgrade process
โ Upgrade ke baad network hoga faster, secure aur better cross-chain support ke saath
---
๐ RUNE Holders Kya Sochein?
RUNE ka price abhi stable hai, lekin upgrade ke baad market reaction aa sakta hai...
> ๐ป Short-term dump ya
๐บ Long-term pump?
๐ Tum kya soch rahe ho?
Apna view comment me likho โ kya RUNE ab lene ka sahi waqt hai?
#THORChain $RUNE #BinanceUpdates #CryptoUpgrade #BinanceSquare #BlockchainNews
๐จ THORChain (RUNE) Network Upgrade & Hard Fork โ Binance Support Confirmed! ๐ง
๐ Date: July 16, 2025
๐ Time: Deposits & withdrawals paused at 16:00 UTC
๐ Upgrade Block Height: 21,984,000 (approx. 17:00 UTC)
๐ Binance will temporarily suspend deposits & withdrawals for RUNE and related tokens to support the THORChain network upgrade & hard fork.
โ Trading remains unaffected
๐ Binance will manage all technical steps for users โ no action needed on your part.
๐ฅ Services will resume once the network is confirmed stable.
Stay tuned and trade safely! ๐ช
#THORChain #RunesProtocol #CryptoUpdate #BlockchainUpgrade
๐ Date: July 16, 2025
๐ Time: Deposits & withdrawals paused at 16:00 UTC
๐ Upgrade Block Height: 21,984,000 (approx. 17:00 UTC)
๐ Binance will temporarily suspend deposits & withdrawals for RUNE and related tokens to support the THORChain network upgrade & hard fork.
โ Trading remains unaffected
๐ Binance will manage all technical steps for users โ no action needed on your part.
๐ฅ Services will resume once the network is confirmed stable.
Stay tuned and trade safely! ๐ช
#THORChain #RunesProtocol #CryptoUpdate #BlockchainUpgrade
Asim Zahid :
yes brother I'm that host
โก๐๐งจ๐งจBinance to Support RUNE Network Upgrade Today
Heads up, RUNE holders!๐งจ๐งจโก๐
Binance will temporarily pause deposits and withdrawals on the #THORChain (#Rune ) network starting 16:00 UTC, July 16, to support its network upgrade and hard fork at block height 21,984,000.
โ Trading remains unaffected
โ #Binance will manage all tech requirements
๐ Deposits/withdrawals will resume after network stability
Stay informed, and trade safe!
#InvestWisely
#SmartTraderLali
Heads up, RUNE holders!๐งจ๐งจโก๐
Binance will temporarily pause deposits and withdrawals on the #THORChain (#Rune ) network starting 16:00 UTC, July 16, to support its network upgrade and hard fork at block height 21,984,000.
โ Trading remains unaffected
โ #Binance will manage all tech requirements
๐ Deposits/withdrawals will resume after network stability
Stay informed, and trade safe!
#InvestWisely
#SmartTraderLali
๐ Top 3 Altcoins That Could 10x Before 2025 Ends ๐ฐ
๐งต The next bull run is warming upโฆ
If you missed the 2021 wave, hereโs your second chance.
These 3 altcoins are backed by tech, timing, and real hype. ๐
๐ฅ $INJ โ Injective Protocol
Sector: DeFi derivatives
Why it matters:
Lightning-fast L1 built on Cosmos
Huge integrations with dApps and oracle partners
Binance Labs backing
2025 Outlook: More DeFi traders = more INJ burn ๐ฅ
๐ Watch for breakout
๐ฅ $RUNE - THORChain
Sector: Cross-chain swaps (true DeFi)
Why it matters:
No wrapped assets, no bridges
Gas-less swaps, native BTC support
Huge THORFi expansion in progress
2025 Outlook: Key role in the decentralized exchange narrative
๐ Watch this closely
๐ฅ $WIF โ Dogwifhat ๐งข
Sector: Meme coin on Solana
Why it matters:
Not just a meme anymore โ strong brand, strong community
Major listings + Solanaโs rising dominance
Fast transaction speed = meme-ready
2025 Outlook: Could ride the meme wave again ๐
๐ Psychological support is near.
๐ณ๏ธ Which one are YOU most bullish on?
๐ฌ Share your hidden gems in the comments
๐ Repost to help others DYOR
Letโs ride the next wave together ๐
#Altcoins! #Binance #Injective๐ฅ #THORChain
#dogwifhat
๐งต The next bull run is warming upโฆ
If you missed the 2021 wave, hereโs your second chance.
These 3 altcoins are backed by tech, timing, and real hype. ๐
๐ฅ $INJ โ Injective Protocol
Sector: DeFi derivatives
Why it matters:
Lightning-fast L1 built on Cosmos
Huge integrations with dApps and oracle partners
Binance Labs backing
2025 Outlook: More DeFi traders = more INJ burn ๐ฅ
๐ Watch for breakout
๐ฅ $RUNE - THORChain
Sector: Cross-chain swaps (true DeFi)
Why it matters:
No wrapped assets, no bridges
Gas-less swaps, native BTC support
Huge THORFi expansion in progress
2025 Outlook: Key role in the decentralized exchange narrative
๐ Watch this closely
๐ฅ $WIF โ Dogwifhat ๐งข
Sector: Meme coin on Solana
Why it matters:
Not just a meme anymore โ strong brand, strong community
Major listings + Solanaโs rising dominance
Fast transaction speed = meme-ready
2025 Outlook: Could ride the meme wave again ๐
๐ Psychological support is near.
๐ณ๏ธ Which one are YOU most bullish on?
๐ฌ Share your hidden gems in the comments
๐ Repost to help others DYOR
Letโs ride the next wave together ๐
#Altcoins! #Binance #Injective๐ฅ #THORChain
#dogwifhat
๐ฅ THORChain (RUNE) is showing strong bullish potential despite a recent dip of -5.86%, currently trading at 1.484. This dip could be a healthy pullback before the next big move up.
๐ฏ *Targets:*
- TP1:7.44 โ first major resistance and solid profit zone
- TP2: 15.50 โ mid-term goal with strong momentum
- TP3:28.00 โ ultimate bullish target, massive upside potential
โ ๏ธ *Stop Loss (SL):* Around 1.10 to protect from further downside
| Level | Price () | Notes |
|---------|-----------|---------------------------------------|
| Entry | 1.484 | Current price |
| TP1 | 7.44 | First resistance, partial profit |
| TP2 | 15.50 | Strong momentum confirmation |
| TP3 | 28.00 | Major bullish target |
| SL | 1.10 | Safety net to limit losses |
๐ *Analysis:* THORChainโs fundamentals remain strong โ its cross-chain liquidity protocol is gaining traction, fueling bullish sentiment. The current dip might shake out weak hands, setting up a solid base for a surge. If the crypto market stays bullish, RUNE could replicate previous parabolic moves, especially with growing DeFi adoption and cross-chain demand.
Remember, volatility is natural here, so patience and proper risk management are crucial. Holding through dips like this has often paid off big in projects with solid tech and use cases like THORChain.
In short, weโre seeing a promising setup โ RUNE could skyrocket if it breaks these resistance levels. Get ready for a wild ride! ๐๐
$RUNE
$BTC
#THORChain #Rune #crypto #altseason #trading
๐ฏ *Targets:*
- TP1:7.44 โ first major resistance and solid profit zone
- TP2: 15.50 โ mid-term goal with strong momentum
- TP3:28.00 โ ultimate bullish target, massive upside potential
โ ๏ธ *Stop Loss (SL):* Around 1.10 to protect from further downside
| Level | Price () | Notes |
|---------|-----------|---------------------------------------|
| Entry | 1.484 | Current price |
| TP1 | 7.44 | First resistance, partial profit |
| TP2 | 15.50 | Strong momentum confirmation |
| TP3 | 28.00 | Major bullish target |
| SL | 1.10 | Safety net to limit losses |
๐ *Analysis:* THORChainโs fundamentals remain strong โ its cross-chain liquidity protocol is gaining traction, fueling bullish sentiment. The current dip might shake out weak hands, setting up a solid base for a surge. If the crypto market stays bullish, RUNE could replicate previous parabolic moves, especially with growing DeFi adoption and cross-chain demand.
Remember, volatility is natural here, so patience and proper risk management are crucial. Holding through dips like this has often paid off big in projects with solid tech and use cases like THORChain.
In short, weโre seeing a promising setup โ RUNE could skyrocket if it breaks these resistance levels. Get ready for a wild ride! ๐๐
$RUNE
$BTC
#THORChain #Rune #crypto #altseason #trading
Unstoppable Wallet Proposal to THORChain ๐
Unstoppable is proposing to build a dedicated, unbranded front-end for THORChain โ fully aligned with $RUNE and the communityโs values.
๐น No Unstoppable branding
๐น No personal gain
๐น 100% public good
All fees go to the THORChain DAO:
โ Grants
โ Bounties
โ Dev funding
Why it matters:
โ Puts THORChain front and center
โ Builds brand awareness
โ Strengthens ecosystem incentives
If the community agrees, Unstoppable is ready to build. ๐ค
#THORChain #RUNE #DeFi #CryptoCommunity #UnstoppableWallet #DAO #Web3 $RUNE
$ETH
Unstoppable is proposing to build a dedicated, unbranded front-end for THORChain โ fully aligned with $RUNE and the communityโs values.
๐น No Unstoppable branding
๐น No personal gain
๐น 100% public good
All fees go to the THORChain DAO:
โ Grants
โ Bounties
โ Dev funding
Why it matters:
โ Puts THORChain front and center
โ Builds brand awareness
โ Strengthens ecosystem incentives
If the community agrees, Unstoppable is ready to build. ๐ค
#THORChain #RUNE #DeFi #CryptoCommunity #UnstoppableWallet #DAO #Web3 $RUNE
$ETH
$RUNE bulls seem to have significant control but it's not entirely out of the woods yet.
It's is still moving within Channel and once it Breaks the $3 crucial Resistance, it could Potentially start a Bull run.
#cryptonews #BTC #thorchain #arbitrum #coinbase $DOGE $BNB
@BreakOut_Expert
It's is still moving within Channel and once it Breaks the $3 crucial Resistance, it could Potentially start a Bull run.
#cryptonews #BTC #thorchain #arbitrum #coinbase $DOGE $BNB
@BreakOut_Expert
$ETH A fresh wallet just made a lightning-fast play! It scooped up 3,433 $ETH from #THORChain and flipped it for 6.81M $DAI at a rate of $1,981 per $ETH
This quick swap has heads turningโis it a strategic pivot to stablecoins or a bet against $ETH โs next move? What do you think sparked this bold dump?
This quick swap has heads turningโis it a strategic pivot to stablecoins or a bet against $ETH โs next move? What do you think sparked this bold dump?
Why $RUNE Might Be the Underrated Beast of 2025
Everyoneโs sleeping on THORChain ($RUNE) โ but it just quietly spiked 10% and the fundamentals are ๐ฅ.
Letโs break it down โ in a more real way:
Imagine this:
You swap Bitcoin for Solana, instantly. No wrapped tokens. No bridges. Just pure cross-chain freedom.
Thatโs $RUNE.
This weekโs moves:
Trading around $6.35, up ~10%
TVL surging again โ over $470M locked
Real volume, real users โ not just hype
Why it matters:
THORChain lets users swap assets across chains with full custody
Itโs like Uniswap, but cross-chain. And it actually works.
This isnโt hype โ itโs working tech, live right now
Bonus Alpha:
Many whales are quietly stacking $RUNE โ some are calling it the โdark horseโ of DeFiโs next wave.
Your thoughts โ is $RUNE next to explode or just getting warmed up?
$SOL
$BNB
#RUNE #THORChain
Everyoneโs sleeping on THORChain ($RUNE) โ but it just quietly spiked 10% and the fundamentals are ๐ฅ.
Letโs break it down โ in a more real way:
Imagine this:
You swap Bitcoin for Solana, instantly. No wrapped tokens. No bridges. Just pure cross-chain freedom.
Thatโs $RUNE.
This weekโs moves:
Trading around $6.35, up ~10%
TVL surging again โ over $470M locked
Real volume, real users โ not just hype
Why it matters:
THORChain lets users swap assets across chains with full custody
Itโs like Uniswap, but cross-chain. And it actually works.
This isnโt hype โ itโs working tech, live right now
Bonus Alpha:
Many whales are quietly stacking $RUNE โ some are calling it the โdark horseโ of DeFiโs next wave.
Your thoughts โ is $RUNE next to explode or just getting warmed up?
$SOL
$BNB
#RUNE #THORChain
THORChain (RUNE) Market Update โ February 4, 2025
THORChain ($RUNE ) has seen a strong price movement over the past 24 hours, surging by 11.67% and reaching an intraday high of $0.15797. The token is currently trading at $0.1426, with a 24-hour trading volume of $594.4 million, indicating heightened market activity.
Despite this short-term bullish momentum, $RUNE has faced a 39.80% decline over the past week, highlighting ongoing volatility in the market. The token remains 93.50% below its all-time high of $20.94, recorded on May 19, 2021.
Investors should watch key resistance and support levels, as RUNEโs recent price action suggests possible trend shifts. If buying pressure sustains, $RUNE could push higher, but traders should remain cautious given the recent downside pressure.
THORChainโs decentralized liquidity protocol continues to play a critical role in cross-chain trading, making RUNE a project to monitor in the DeFi space. As always, conduct thorough research and risk assessment before making investment decisions.
Will RUNE sustain its bullish momentum, or is this a temporary rebound? Stay tuned for more updates!
#THORChain #Rune #crypto #Binance #defi
THORChain ($RUNE ) has seen a strong price movement over the past 24 hours, surging by 11.67% and reaching an intraday high of $0.15797. The token is currently trading at $0.1426, with a 24-hour trading volume of $594.4 million, indicating heightened market activity.
Despite this short-term bullish momentum, $RUNE has faced a 39.80% decline over the past week, highlighting ongoing volatility in the market. The token remains 93.50% below its all-time high of $20.94, recorded on May 19, 2021.
Investors should watch key resistance and support levels, as RUNEโs recent price action suggests possible trend shifts. If buying pressure sustains, $RUNE could push higher, but traders should remain cautious given the recent downside pressure.
THORChainโs decentralized liquidity protocol continues to play a critical role in cross-chain trading, making RUNE a project to monitor in the DeFi space. As always, conduct thorough research and risk assessment before making investment decisions.
Will RUNE sustain its bullish momentum, or is this a temporary rebound? Stay tuned for more updates!
#THORChain #Rune #crypto #Binance #defi
BUYING $RUNE at these levels, why?
RUNE is THORChains native token.
THORChain recently added new chain - Base and 2 new chains will be added in a week or two. Those ar $TRON and $XRP. This will increase THORChains DEX volume by a lot.
After these cahins next up is $SOL and this will not only increase volume but also open doors to use all of SOLโs ecosystems tokens.
THORChain aims to be number DEX and RUNE price will follow.
This price level is a gift because RUNE is at least 50$ token.
#DEX #THORCHAIN #RUNE
RUNE is THORChains native token.
THORChain recently added new chain - Base and 2 new chains will be added in a week or two. Those ar $TRON and $XRP. This will increase THORChains DEX volume by a lot.
After these cahins next up is $SOL and this will not only increase volume but also open doors to use all of SOLโs ecosystems tokens.
THORChain aims to be number DEX and RUNE price will follow.
This price level is a gift because RUNE is at least 50$ token.
#DEX #THORCHAIN #RUNE
THORChain (RUNE) Price Update
RUNE is down by -13.35% in the last 24 hours, now at $1.88.
The market is currently bearish, but there's still some greed in the market (Fear & Greed Index: 68).
The price might keep going down in the short term.
If it hits support at $0.78, we could see it bounce back.
๐น๏ธ Short-term: Down
๐น๏ธ Possible recovery if support holds
Stay updated!
$RUNE
#THORChain #runecoin #Rune #RUNEUSDT
RUNE is down by -13.35% in the last 24 hours, now at $1.88.
The market is currently bearish, but there's still some greed in the market (Fear & Greed Index: 68).
The price might keep going down in the short term.
If it hits support at $0.78, we could see it bounce back.
๐น๏ธ Short-term: Down
๐น๏ธ Possible recovery if support holds
Stay updated!
$RUNE
#THORChain #runecoin #Rune #RUNEUSDT
Can you ever get enough yield? Bond your $RUNE to my #THORChain node and start earning yield.
Message me for more details.
Message me for more details.
#RUNE3L #THORchain #RUNE/USDT
โ Native asset swaps (no wrapping needed)
โ Built with Cosmos SDK + Tendermint BFT
โ Four key components: Swappers, Liquidity Providers, Node Operators, Traders
โ Liquidity pools rely on RUNE as the settlement asset
THORchain enables cross-chain swaps but requires RUNE as an intermediary (e.g., BTC โ RUNE โ ETH). While decentralized, it adds reliance on its native token, which Zeus Network avoids.
โ Native asset swaps (no wrapping needed)
โ Built with Cosmos SDK + Tendermint BFT
โ Four key components: Swappers, Liquidity Providers, Node Operators, Traders
โ Liquidity pools rely on RUNE as the settlement asset
THORchain enables cross-chain swaps but requires RUNE as an intermediary (e.g., BTC โ RUNE โ ETH). While decentralized, it adds reliance on its native token, which Zeus Network avoids.
See original
Rune coin can refer to the token #THORChain $RUNE or the Rune Bitcoin token.
THORChain (RUNE) is the native utility token of the decentralized liquidity protocol THORChain.
The protocol allows users to exchange cryptocurrency assets across multiple networks, such as Bitcoin and Ethereum.
Rune Bitcoin is a fungible token derived from Bitcoin. This token is a result of the Rune protocol that allows users to issue new digital assets.
Here are some things to know about Rune coin:
1. THORChain (RUNE) allows users to exchange cryptocurrency assets without giving up full custody of their assets.
2. Rune Bitcoin simplifies the token creation process and solves the "junk #UTXOs " problem.
3. Rune Bitcoin leverages the immutability and security of the blockchain to ensure that the token is decentralized.
THORChain (RUNE) price can be monitored on sites like #coinbase ,#BITTIME , and Pluang.
Rune coins can be purchased on centralized exchanges like #Binance .
What do you think RUNE coins will be Bullish or Bearish? ? ? Share your opinions in the comments column
THORChain (RUNE) is the native utility token of the decentralized liquidity protocol THORChain.
The protocol allows users to exchange cryptocurrency assets across multiple networks, such as Bitcoin and Ethereum.
Rune Bitcoin is a fungible token derived from Bitcoin. This token is a result of the Rune protocol that allows users to issue new digital assets.
Here are some things to know about Rune coin:
1. THORChain (RUNE) allows users to exchange cryptocurrency assets without giving up full custody of their assets.
2. Rune Bitcoin simplifies the token creation process and solves the "junk #UTXOs " problem.
3. Rune Bitcoin leverages the immutability and security of the blockchain to ensure that the token is decentralized.
THORChain (RUNE) price can be monitored on sites like #coinbase ,#BITTIME , and Pluang.
Rune coins can be purchased on centralized exchanges like #Binance .
What do you think RUNE coins will be Bullish or Bearish? ? ? Share your opinions in the comments column
See original
#BinanceSquareFamily being careful is a great loss that has been #THORChain
Ismeidy
--
#THORChain on the brink of the abyss, #Rune plunges over 20% after freezing operations and facing insolvency allegations.
Cross-chain exchange protocol THORChain has paused its THORFi services as it faces financial uncertainties with insolvency allegations circulating.
The move is part of a 90-day โrestructuringโ plan to reduce issues associated with the โSavers and Loansโ programs, which appear to have accumulated a large amount of unserviceable debt.
While trading functionalities such as swaps are still active, lending operations under THORFi are suspended. A 90-day restructuring initiative has been implemented through validator nodes to address the issues. Meanwhile, the price of Thorchainโs native token, Rune, has fallen by 30% in the past 24 hours.
The pause is intended to prevent a hasty exit, which could further destabilize the platform. Haseeb Qureshi, managing partner at Dragonfly, likened the situation to a โbankruptcy freeze,โ indicating a severe liquidity crisis.
Concerns have been raised regarding THORChainโs ability to meet its obligations to creditors if there are widespread repayments, due to an apparent shortage of bitcoin reserves in THORFiโs lending pools.
This issue originated from substantial bitcoin borrowing at a time when prices were considerably lower than today, necessitating the minting of additional Rune to cover these obligations. Compounded by the lack of liquidations within the protocol, there are concerns that this could trigger a large drop in Rune value and diminish the purchasing power of THORChain, potentially mirroring the Terra/Luna crash of 2022.
#runecoin $RUNE
Cross-chain exchange protocol THORChain has paused its THORFi services as it faces financial uncertainties with insolvency allegations circulating.
The move is part of a 90-day โrestructuringโ plan to reduce issues associated with the โSavers and Loansโ programs, which appear to have accumulated a large amount of unserviceable debt.
While trading functionalities such as swaps are still active, lending operations under THORFi are suspended. A 90-day restructuring initiative has been implemented through validator nodes to address the issues. Meanwhile, the price of Thorchainโs native token, Rune, has fallen by 30% in the past 24 hours.
The pause is intended to prevent a hasty exit, which could further destabilize the platform. Haseeb Qureshi, managing partner at Dragonfly, likened the situation to a โbankruptcy freeze,โ indicating a severe liquidity crisis.
Concerns have been raised regarding THORChainโs ability to meet its obligations to creditors if there are widespread repayments, due to an apparent shortage of bitcoin reserves in THORFiโs lending pools.
This issue originated from substantial bitcoin borrowing at a time when prices were considerably lower than today, necessitating the minting of additional Rune to cover these obligations. Compounded by the lack of liquidations within the protocol, there are concerns that this could trigger a large drop in Rune value and diminish the purchasing power of THORChain, potentially mirroring the Terra/Luna crash of 2022.
#runecoin $RUNE
Login to explore more contents