bullish

2024

Tornado Cash

Tornado

<ul class="wp-block-list news-points">
 <li><strong>Tornado Cash surges +700% after a U.S. court ruled sanctions unlawful.</strong></li>
 <li><strong>Despite this surge, the TORN token remains 96% below its $408 all-time high.</strong></li>
 <li><strong>Technical indicators hint at a possible slowdown in TORN ‘s bullish run.</strong></li>
</ul>
<p>After a U.S. Court declared sanctions against the Tornado Cash platform as unlawful, the TORN&nbsp; token surged 700%. However, it traded 96% below its all-time high of $408. At the time of writing, the token is hovering around $20.&nbsp;</p>
<p>In February 2021, TORN’s circulating supply was 500,000 tokens, valued at $204.07 million, with a price of $408 per token. By November 2024, the total supply increased to 8.9 million tokens, but its market cap is approximately $176.04 million. This matches its 2021 valuation despite the difference in token price.</p>
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   <p lang="en" dir="ltr">Tornado Cash <a href="https://twitter.com/search?q=%24TORN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TORN</a> spiked +700% after US court rules sanctions placed against <a href="https://twitter.com/TornadoCash?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@TornadoCash</a> were unlawful.<br><br>Despite the price hovering around ~$20 (-96% from its ATH at $408), emission on <a href="https://twitter.com/search?q=%24TORN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TORN</a> supply has indicated its unlocked supply to be similar in value after almost 4 years.… <a href="https://t.co/ih8YscxK8o" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ih8YscxK8o</a></p>— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) <a href="https://twitter.com/Tokenomist_ai/status/1861990034225942835?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 28, 2024</a>
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<p>Most of TORN’s supply wen…</p>
<p>The post <a href="https://coinedition.com/tornado-cash-torn-surges-700-yet-96-below-ath-what-lies-ahead/" rel="noopener noreferrer nofollow">Tornado Cash (TORN ) Surges +700% Yet 96% Below ATH—What Lies Ahead?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Tornado Cash (TORN ) Surges +700% Yet 96% Below ATH—What Lies Ahead?

Coin Edition

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