“If a gun is hanging on the wall in the first act, it must fire in the third.” — Anton Chekhov.
In crypto investing, this principle means that if something is bound to happen, it’s crucial to prepare in advance and be ready to capitalize on the opportunity.
Today's "Gun" is #TORN (Tornado Cash)
Three signs that $TORN is the "Gun on the Wall":
Strong Technology:
Tornado Cash provides unique anonymity and privacy solutions on Ethereum, critically important for decentralized finance (DeFi). Its zero-knowledge proof technology remains unmatched in the crypto world.
Negative Events:
In August 2022, Tornado Cash faced sanctions from the U.S. Treasury Department, causing a significant token price drop and uncertainty about its future use.
Alexey Pertsev, the project's founder, was arrested and held in custody, further deepening negative sentiment around the project.
External Forces Interested in Improving the Situation:
The crypto community actively advocates for privacy rights, opposing excessive regulatory interference. Major organizations, such as the Ethereum Foundation, have provided financial support for the project's and founder's legal defense.
Legal challenges against the sanctions are gaining momentum, backed by influential crypto organizations like Coin Center and numerous independent lawyers and privacy experts.
Following the arrival of a new administration in the White House, a court ruled the sanctions against Tornado Cash unlawful and referred the case back to a district court, mandating a partial decision favorable to the plaintiffs. On this news, TORN's price surged approximately 250%, from $8 to $27.
Alexey Pertsev was released from prison under electronic supervision pending his first trial hearing, further boosting the token price from $8 to $15.
Currently, #TORN is trading around $5 per token, significantly below historical highs. Recent positive developments in SEC operations and increased advocacy for privacy rights enhance the probability of sanctions easing. Any favorable regulatory shifts could quickly restore TORN els above $20 or even higher, considering its average pre-sanction price was $50–$70, with an all-time high of $437.41.
Key events to watch:
Alexey Pertsev’s trial is scheduled for approximately April 14–15, 2025.
The full reconsideration of Tornado Cash sanctions (usually taking 6–12 months in district court).
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P.S.: Remember, investing in cryptocurrencies carries high risks, and every investor should conduct their own analysis before making investment decisions.
#MasterTheMarket