THORChain (RUNE) is gaining traction again, currently trading at $2.14 — up 2.21% in the past hour and 16.90% in the last 24 hours. With a strong daily trading volume of $591 million, interest in THORChain price prediction is rising. The surge comes amid key ecosystem updates and increased user activity.
What’s Driving the Surge?
The recent launch of RujiraNetwork on May 20 has been a major turning point for THORChain. This update helped double its daily active users from 10,000 to over 20,000 within a week. Contributing factors include the launch of TCY, attractive real yield opportunities, and seamless native swaps for top assets like BTC, ETH, and XRP.
Technically, RUNE is trading well above its 50-day Simple Moving Average (SMA) of $1.37. However, it still lags behind its 200-day SMA of $2.95. This indicates short-term bullish sentiment, while long-term recovery is still in progress.
Challenges and Controversy
Despite its progress, THORChain has not been free from criticism. It came under scrutiny for allegedly facilitating fund transfers connected to the Bybit hack. Reports say the Lazarus Group used THORChain to move 85% of the stolen $1.4 billion. The team’s refusal to block hacker-related transactions, citing decentralization values, has raised concerns.
Adding to the pressure, the THORFi Recovery Group recently announced possible legal action against THORChain in connection with the $200 million THORFi collapse.
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Roadmap and Future Plans
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Expansion to support Solana, Ripple, and Cardano
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Developer tools upgrade including App Chain SDK and TX PIN
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Full rollout of the TCY repayment framework
With its shift to an emissions-free, self-sustaining model and a strong roadmap for Q2 2025, THORChain may be positioning itself for a strong comeback — if it can manage growing regulatory risks.
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