• Tornado Cash surges +700% after a U.S. court ruled sanctions unlawful.
• Despite this surge, the TORN token remains 96% below its $408 all-time high.
• Technical indicators hint at a possible slowdown in TORN ‘s bullish run.

After a U.S. Court declared sanctions against the Tornado Cash platform as unlawful, the TORN  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. 

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.

Most of TORN’s supply wen…

The post Tornado Cash (TORN ) Surges +700% Yet 96% Below ATH—What Lies Ahead? appeared first on Coin Edition.

• Tornado Cash surges +700% after a U.S. court ruled sanctions unlawful.
• Despite this surge, the TORN token remains 96% below its $408 all-time high.
• Technical indicators hint at a possible slowdown in TORN ‘s bullish run.

After a U.S. Court declared sanctions against the Tornado Cash platform as unlawful, the TORN  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. 

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.

Most of TORN’s supply wen…

The post Tornado Cash (TORN ) Surges +700% Yet 96% Below ATH—What Lies Ahead? appeared first on Coin Edition.