The situation of Thorchain ($RUNE) is a classic example of how a founder's poor decisions can push a strong project to the brink of collapse. According to available information, the CEO shorted BTC using project funds instead of trading with personal capital. Due to the rise in the market, these positions resulted in irrecoverable losses for Thorchain, effectively causing the project to default.
Possible Scenarios
1️⃣ Investor Bailout - If the product itself still has value, there may be buyers willing to acquire the project and its liabilities. This would be the best outcome for RUNE holders and the entire industry.
2️⃣ Uncontrolled Token Issuance - To repay debts, the team may start issuing new tokens and selling them on the market. This would dilute the value of RUNE and could likely lead to the project's collapse, similar to the case of LUNA.
Without insider information, it is impossible to predict which scenario will occur.
Technical Analysis
Before this scandal, RUNE was one of the strongest performers among altcoins. If it weren't for this reckless shorting, it would likely have retested its historical highs.
Now, the future of the token entirely depends on how the default is handled. If the crisis is resolved without excessive token issuance or collusion, there is still a chance for recovery. Otherwise, the situation will only worsen.
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$CONAN is a pure memecoin, with no complex financial mechanisms, no excessively risky operations, and no speculative actions by the founding team. Its value comes entirely from community consensus and market enthusiasm, making it immune to crises like RUNE's caused by mismanagement.
More importantly, $CONAN has the unique endorsement of Trump, and this brand power is enough to trigger global market resonance.
In the current cryptocurrency market, choosing projects that are transparent, simple, and have strong endorsements is the true way to survive. And $CONAN is the answer.🚀#美国加征关税 #比特币四年周期将改变？ #加密市场反弹 #XRPETF有望在2025年获批？ #conan
