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The price of RUNE, the native token of settlement protocol THORChain, has plunged by 30% in the last 24 hours. This decline comes amid speculation that the chain is no RUNE, the native token of THORChain, has experienced a significant price drop, falling by 31.28% in the last 24 hours. The price currently stands at $2.12, with a market RUNE, a cryptocurrency native to the THORChain protocol, has been in free fall for several days. In the last week, the coin has lost about 40 percent of its value. If we then A 90-day restructuring initiative has been enforced via validator nodes to address issues. Meanwhile, the price of Thorchain's native token, Rune, has dropped 30% THORChain 's native token, RUNE, has faced several challenges recently. A significant factor contributing to its price decline is the inflation of RUNE's circulating supply. RUNE trades at a year low, with high selling pressure, threatening a crash to $1, but the recovery could push it to $7. ThorChain has gained the spotlight for the wrong THORhain’s native token, RUNE, took a dive after an executive decision to address the decentralized liquidity protocol’s liquidity problems. The protocol temporarily THORChain (CRYPTO:RUNE) has temporarily halted its THORFi (CRYPTO:THOR) services amid financial uncertainties, leading to a significant drop in the

RUNE Token Pumped 90% in 7 Days, Then Crashed: Where is it Headed Now?

The rollercoaster ride continues for RUNE, the native token of THORChain. After a meteoric rise, with reports indicating a 90% pump in just seven days, the crypto has experienced a dramatic reversal. Recent news highlights a significant price correction, leaving investors wondering: where is RUNE headed now?

Recent analysis reveals RUNE has experienced a sharp downturn. Multiple sources report substantial price drops, with some citing a 30%, 31.28%, or even a 40% decline in the last week alone. The current price hovers around $2.12, reflecting high selling pressure and significant market volatility.

Several factors are contributing to this instability. One key reason is the inflation of RUNE's circulating supply, adding downward pressure on the price. Furthermore, THORChain (CRYPTO:RUNE) has temporarily halted its THORFi (CRYPTO:THOR) services due to financial uncertainties, further impacting investor confidence. An executive decision to address liquidity problems within the decentralized liquidity protocol also seems to have triggered negative market sentiment. THORChain has recently gained the spotlight for the wrong reasons.

Adding to the uncertainty, a 90-day restructuring initiative enforced via validator nodes is attempting to address underlying issues. This restructuring, while intended to stabilize the protocol, has seemingly contributed to the short-term price decline.

Looking ahead, opinions are divided. Some analysts predict a potential crash to $1, while others believe a recovery could push RUNE to $7. The key will be THORChain's ability to address its liquidity issues, manage its circulating supply, and restore investor confidence. Keep an eye on developments related to the restructuring initiative and any further announcements from the THORChain team. This is a developing situation, and further monitoring is crucial for anyone invested in or considering investing in RUNE.

Disclaimer: Cryptocurrency investments are highly volatile and speculative. This is not financial advice. Always conduct thorough research before investing in any cryptocurrency.

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