ThorChain Debt Crisis, Restructuring, RUNE Price
This is a news story, published by CoinGape, that relates primarily to ThorChain news.
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RUNE priceCoinGape
•Business
Business & Economics
Experts: Will ThorChain's RUNE Bounce Here or Crash Amid Bankruptcy Fear? | CoinGape
64% Informative
ThorChain protocol is facing insolvency fears after its $ 199 M debt crisis.
The DeFi protocol is struggling financially due to heavy liabilities and heavy liabilities.
The next 90 days could either push it to recovery or bankruptcy.
The RUNE token has dropped by 40% over the week amid its protocol’s financial troubles.
RunE trades at a year low, with high selling pressure, threatening a crash to $ 1 .
ThorChain news could crash the RUNE price to $ 1 . However, once the selling pressure settles, the price may recover toward $ 7 or higher.
The investor should carefully monitor these developments, as the bearish pressure is high on the token.
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