I quickly asked an AI to summarize the situation and got this:
The recent plummet in the price of THORChain’s RUNE token is primarily driven by speculation about the platform’s financial instability, as rumors of insolvency have spread widely. Additionally, THORChain has paused its services for 90 days to address technical issues, further eroding investor confidence. Market dynamics, including bearish sentiment and a negative funding rate, have also contributed to the decline. These factors have created significant selling pressure, leading to sharp price drops.
Sounds like i missed something there 🧐 how bad is it?
I quickly asked an AI to summarize the situation and got this:
Please, tell me it is halluzinating!
There you have it! Unfortunately, I don't think it's hallucinating but fingers crossed they get things sorted out 🤞