The situation with Thorchain (RUNE) is a clear example of how poor management by a founder can lead a solid project to the brink of collapse. According to available information, the CEO used project funds to bet against BTC (shorting), instead of trading with his own capital. Since BTC has been on an upward trend, this resulted in losses that Thorchain can no longer cover, leaving the project in a state of default.

Possible scenarios:

1. Rescue by investors: If the product is strong enough, there may be interested parties willing to buy it along with its debts, saving the project. This would be the best option for the industry and for RUNE holders.

2. Infinite token issuance: To try to pay off the debt, they might issue more tokens and sell them on the market, diluting the value of RUNE. This would equate to the death of the project, as happened with LUNA.

The problem is that the outcome cannot be predicted without internal information.

Technical outlook:

The RUNE chart was one of the strongest among altcoins. Without the CEO's interference, it is likely that its price would have followed an upward trajectory toward its ATH.

Now, the future of the token depends exclusively on how the default is resolved. If they manage to stabilize the situation without excessive issuance or rugpull, there is a chance of recovery. Otherwise, the decline will continue. $RUNE #runecoin