THORChain’s RUNE Rallies as Binance Hack Funds Move Through Protocol

TL;DR: THORChain’s RUNE token climbed more than 13% to $0.67 after Binance confirmed a $6.3 billion security breach. The price increase came as on-chain investigators reported that funds connected to the Binance and Bitget hacks had passed through THORChain, bringing renewed attention to the protocol’s role in cross-chain cryptocurrency transactions. THORChain’s native RUNE token recorded a significant rally on Friday, gaining more than 13% following news of Binance’s record-breaking $6.3 billion security breach. According to TradingView data , RUNE climbed to approximately $0.67 from a local low of $0.59 recorded earlier in the day. The price movement came as investigators examined the movement of stolen cryptocurrency through decentralized platforms, including THORChain.

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