THORChain

Today's state: THORChain is trading at $0.416000 with a $0.1 billion market capitalization (rank #209). The price moved +1.96% over the past 24 hours and is +1.52% over 7 days; the 30-day move stands at +15.02% and the 90-day at +7.77%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 83.0% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Neutral (41/100), with the timeframes pulling in different directions and no clean directional read.

To place RUNE in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.52 — a moderate positive relationship.
• Ethereum reference: +0.56 — a moderate positive relationship.
• Solana reference: +0.55 — a moderate positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

THORChain (RUNE) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.4160 as of the latest update, with a 24-hour move up 1.96%, placing it at rank #213 by market capitalisation among all listed digital assets. THORChain's current market cap stands at $140.74M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking THORChain across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

THORChain gives holders governance over one of the established DeFi protocols. Token value depends on protocol revenue, TVL, user growth, and the credibility of the governance process. Treat the token as equity in the protocol.

By market value, THORChain sits at rank #209 — a mid-cap asset in the broad top 250. About 96% of the maximum RUNE supply is in circulation today (338.32M of 354.18M), leaving a moderate emission stream still to come. It currently trades about 98% below its all-time high of $21.29 set in May 2021.

THORChain is a DeFi governance token: ownership of the token confers voting rights over the underlying protocol's parameters (fees, listed assets, treasury allocation) and, in some cases, a share of protocol revenue. The value of the token tracks the protocol's utility and revenue — not the price of any underlying asset.

By market value, THORChain sits at rank #209 — a mid-cap asset in the broad top 250. About 96% of the maximum RUNE supply is in circulation today (338.32M of 354.18M), leaving a moderate emission stream still to come. It currently trades about 98% below its all-time high of $21.29 set in May 2021.

The token is mainly used to vote on protocol decisions, to earn fee-shares or rebates where revenue is distributed to stakers, as collateral on lending venues (for the larger names), and simply as a way to hold exposure to the protocol's growth.

Daily turnover is unusually high at roughly 12% of market cap ($16.21M traded in 24 hours), the kind of liquidity that reflects an active news or trading cycle.

To read THORChain's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. At 95.5% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

Several traditional markets serve as useful cross-checks: a strong dollar (DXY) has tended to weigh on crypto; rising 10-year Treasury yields raise the cost of holding risk; gold occasionally trades as a parallel hard-money hedge; and US equities frequently move in sympathy with crypto when the driver is liquidity rather than fundamentals.

Zooming in on THORChain, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled RUNE up; draining liquidity has done the opposite. Given the 90-day BTC correlation of +0.52, RUNE's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

The risks are protocol-specific: a smart-contract exploit can drain the treasury and dilute holders, a governance attack can capture voting power, revenue rises and falls with the DeFi cycle, rival protocols compete for the same liquidity, and the regulatory status of governance tokens is still unsettled.