A hacker is accidentally pumping
$RUNE right now. Here is the wild on-chain data you need to see... 👀🕵️♂️
While the rest of the market is slowly grinding, THORChain (
$RUNE ) just blasted up over 12% today and is sitting on a +22% gain for the week.
But the catalyst behind this pump is absolute madness:
🚨 The Catalyst: Swap volume just spiked 11x (from $35M to nearly $394M). Why? The attacker behind the recent $290M Kelp DAO exploit is actively laundering roughly $80M in stolen ETH directly through THORChain’s cross-chain swaps.
🔥 The Result: Because it's a permissionless network, this massive inorganic volume creates intense, immediate buy pressure for
$RUNE to cover network fees. It's controversial, but it's putting the protocol's core utility to the ultimate stress test.
Real talk for the traders 📉: RUNE is looking incredibly strong, but the 4H chart is flashing some warning signs. The RSI is screaming overbought at almost 80. If that laundering volume dries up suddenly, we could see a quick pullback.
Key levels to watch: If it holds above the $0.465 support, it could retest the $0.51 local high. If it breaks, a deeper correction to $0.440 is on the table.
Are you trading this crazy momentum or staying away from the exploit drama? Drop your thoughts below! 👇💬
#Rune #THORChain #CryptoNews