THORChain's native token, RUNE, fell about 20% in 24 hours, briefly dipping below $0.50 due to worries over its involvement in converting funds linked to the Binance hack. The protocol handled large on-chain flows, including 185.1 million TRX and 3.83 million USDT, with significant transaction volume and fees. U.S. authorities urged THORNode and DeFi operators to block hacker-linked flows, but THORChain co-founders disagreed on freezing funds, emphasizing decentralization. This incident highlights regulatory and security challenges for decentralized finance platforms like THORChain.
The recent scrutiny over THORChain's RUNE token is notable as a backdrop for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 02, 2026 11:21 WIB: out of 50 major cryptocurrencies, 24 rose and 25 fell today. Among movers, EOS (EOS.IO) increased by 8.13% to Rp12.649 with a typical hold time of 87 days, BAT (Basic Attention Token) declined by 4.95% to Rp2.444 with a 73% sell order activity, and COTI rose 3.79% to Rp188 with an 89% buy order activity and a typical hold time of 122 days.
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