[THORChain sends a recovery signal before the launch of RUNEPool: RUNE price rises 13%]
THORChain (RUNE) was one of the leading altcoins on Friday, jumping 13.23% from a daily low of $4.23 to $4.79. The altcoin’s upside was driven by crypto market recovery and RUNEPool development.
RUNEPool is about to be launched and is regarded as an important product to enhance the RUNE ecosystem. It will lock in more assets and increase network demand. With 61.7% of THORChain tokens currently held in wallets, RUNEPool is expected to put these idle assets to work. More locked tokens will increase the total locked value (TVL) of THORChain, ensuring price stability and attracting institutional investors.
In addition, THORChain founder John-Paul Thorbjornsen plans to conduct a "blood-sucking attack" on the decentralized financial market and gain liquidity and users of other projects by providing generous rewards. They will use social, governance and liquidity providers to migrate attacks and build the DECASWAP DeFi super-application that packages all trusted decentralized finance networks into one aggregator.
THORChain has recorded more than 13% growth in the past 24 hours, trading at $4.77 and growing its daily trading volume by 12%, demonstrating the enthusiasm of investors and traders. RUNEPool sentiment is likely to keep RUNE rising next week, followed by a “blood-sucking attack” that will make THORChain stand out in the DeFi industry.
