$RUNE

As of January 24, 2025, THORChain's native token, RUNE, has experienced a significant price decline, dropping over 30% in the past 24 hours to approximately $2.28.

This downturn is primarily due to THORChain's recent announcement of a 90-day network suspension to address substantial debt and leverage issues within its ecosystem. The platform currently faces nearly $200 million in liabilities, including $97 million in lending obligations and $102 million tied to savers and synthetic assets.

The network pause was initiated by validator nodes as a restructuring measure to stabilize the platform's financial health. This suspension has led to increased market uncertainty, contributing to the sharp decline in RUNE's price.

Additionally, the inflation of RUNE's circulating supply, driven by mechanisms such as block rewards for validators and programs like Savers and Lending, has exerted further downward pressure on its price.

Investors are advised to monitor official communications from THORChain for updates on the restructuring process and to exercise caution due to the current volatility surrounding RUNE.