THORChain Suffers Over $10 Million Attack
- Security Breach Uncovered: Blockchain investigator ZachXBT revealed that THORChain suffered a security breach exceeding $10 million, affecting Bitcoin, Ethereum, BNB Smart Chain, and Base networks, highlighting vulnerabilities in cross-chain protocols that could undermine user trust.
- Emergency Shutdown Procedures: The THORChain team promptly activated emergency shutdown protocols, suspending all trading and token swap functionalities to protect liquidity providers, while the underlying blockchain continued to operate, aiming to prevent further losses during the investigation.
- Token Value Plummets: Following the breach disclosure, RUNE's price sharply declined by 15%, dropping from $0.58 to approximately $0.50, with trading volume surging nearly 140% within 24 hours, indicating heightened market panic.
- Derivatives Market Activity: RUNE derivatives open interest surged by 19% within just four hours, reaching $24.80 million, suggesting that investors increased speculative trading amid the volatility, which could impact future market stability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00209 | 0.00235 | 0.0026 | 0.00287 | 0.00312 | 0.00339 | 0.00364 |
| Fibonacci | 0.00235 | 0.00255 | 0.00267 | 0.00287 | 0.00307 | 0.00319 | 0.00339 |
About TOKEN
About the author








