THORChain price history The value of RUNE it’s down more than 22% today, marking the biggest drop in recent months reports encountered a potential problem with the protocol. The sharp sell-off wiped out a large portion of recent gains, triggering a write-off and sending sentiment down sharply across the DeFi community.
Yet beneath the fear, the market seems divided. While some traders fear that the use could lead to long-term depression, others argue that the correction could push the RUNE into the most important position in history, where the fear of risk has already created a reward setting.
For now, the most important question remains: Is THORChain facing a deep recession, or is this just another stable situation before it returns to stability?
What happened? THORChain Exploit Causes Massive Trading
The fall of RUNE increased after reports indicated that THORChain may have suffered a loss of more than $10 million, which led to recent concerns about the security of the protocol. The original blockchain system pointed to suspicious transactions related to Bitcoin, Ethereum, Base, and BNB-linked assets, with reports that the attackers leaked about 36.75 BTC (worth about $3 million) along with $7 million in other assets spread across multiple networks.
As uncertainty grows, THORChain is said to have suspended parts of its network operations while investigations are conducted, further warning of an already fragile market. The response from the traders was immediate. RUNE saw aggressive selling pressure as investors rushed to reduce exposure amid uncertainty, dragging the token lower and making it one of the day’s worst DeFi stocks.
Security-related events have historically led to market sentiment for fixed income, especially for heavy protocols. In the case of THORChain, the protocol’s role as a major means of mass communication raises concerns around operational trust and risk management.
Why Some Investors Still Believe THORChain’s Long-Term Thesis Remains Stable
Despite the sharp correction, not everyone believes the sale changes THORChain’s long-term outlook. Supporters argue that THORChain continues to be one of the most important cryptocurrencies that allows users to exchange their assets across multiple blockchains without relying on encrypted tokens or intermediaries.
That tool remains difficult to replicate. Unlike many speculative DeFi protocols, THORChain creates a transaction fee and storage ecosystem that is built around real-time transactions. Other investors also point to the protocol’s history of protecting donors and responding aggressively in times of crisis.
For commercial traders, the argument is straightforward: if losses related to consumption remain difficult and confidence is stable, the recent correction of RUNE may resemble events driven by fear rather than long-term losses. However, restoring confidence may depend on transparency, technical uncertainty, and emerging market sentiment.
RUNE Derivatives Data Signal Bearish Pressure Continues to Grow
Markets taken at the moment suggest that traders will remain safe despite the sharp decline. RUNE price trading coincided with an increase in trading activity, with the volume of derivatives jumping nearly 390%, while open interest rose 19%, indicating that new positions continue to enter the market despite the decrease in price.
However, the big setup is currently in favor of the bears. The combination of falling prices and rising interest rates is often interpreted as a sign of short-term growth, meaning investors are betting on downside rather than immediate returns.
An increase in investment also reinforces this cautious sentiment, pointing to higher bearish positions in the capital markets. In short, while panic trading may be cool, derivative traders are no longer confident in a sustainable recovery.
RUNE Price Analysis: Is THORChain Entering Accumulation Zone?
The decline in the price of RUNE has now put the price in the area that can be confirmed. After facing a rejection near the main resistance area around $0.60-$0.70 earlier this month, the symbol made a big comeback and now it has returned to the previously protected area and gathered around $0.40, where buyers have already entered to set the price.
A hold above the $0.40 level would help RUNE establish a base and attempt to recover the relief in future sessions. On the downside, the first major hurdle is near the $0.53–$0.55 area, where traders may try to regain control after the recent losses. A reversal of this level could be an early sign that the bearish force is starting to weaken.
Further, the $0.63–$0.65 zone remains the most important resistance area to watch, as it showed the most recent resistance before RUNE’s decline. A definite move above this area would improve the market and strengthen the case for a positive recovery.
However, if panic selling continues and the target area fails, RUNE could see further support near $0.35, which could increase the short-term pressure.
