In a period spanning five days, THORChain (RUNE) saw an unprecedented trading surge of $1 billion, leading to rising apprehensions over possible illicit transfers. As a response, the THORSwap exchange suspended its swapping feature and went into maintenance mode on Friday. However, other functions on the platform remain operational.
According to data from Friday, RUNE's 24-hour trading volume stood at $592 million. The cryptocurrency has a circulating supply of 300 million tokens. The derivatives data reveals a balanced picture with both Long and Short liquidations, pointing towards mixed investor sentiment in the market.
The blockchain network of THORChain currently boasts a block height of 12.8 million with 94 active nodes. The total historical volume for the cryptocurrency amounts to $18 billion, involving 79,147 addresses.
Defillama figures reveal that there is $135.57 million locked as Total Value Locked (TVL) in the network. This data showcases the amount of capital that is currently being held within the smart contracts of the DeFi protocol.
Given these circumstances, investors are being advised to tread carefully due to the potential influence of illicit activities on trading and price movements.
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