THORChain: Black Funds Drive 90% of Swaps
THORChain: Over 90% of cross-chain swaps tied to illicit funds as protocol earns $1M from Bitget hack and $10M from Bybit, with RUNE at $0.75 showing bullish MACD.
SourceAnalysis
THORChain processes over 90% illicit funds in cross-chain swaps, prioritizing fee revenue over restrictions as seen in the Bybit and Bitget hacks.
Last year THORChain captured nearly $10 million in fees from Bybit stolen assets within ten days, while recent Bitget flows already delivered $1 million, confirming profit motives drive platform policy.
RUNE price action at $0.75 sits inside Bollinger bands with upper resistance at $0.83 and lower support at $0.58; the EMA50 at $0.66 and EMA200 at $0.55 act as layered long-term supports while MACD golden cross at 0.04 and RSI at 64.23 confirm sustained bullish momentum without immediate overbought signals, suggesting continued upside before any test of the 50-EMA.
余烬
@EmberCNAnalyst about On-chain Analysis