RUNE Falls 20% to 0.504 USDT Amid Scrutiny After Binance Hack
RUNE, THORChain’s native token, fell 20.22% in 24 hours to 0.504 USDT on 2 November 2026, after touching a low of 0.497 USDT. The drop comes amid scrutiny of THORChain following a Binance hacking incident. The FBI, US Secret Service and IRS Criminal Investigation urged THORNode operators, RPC nodes and DeFi service providers to block transactions linked to the incident. THORChain co-founder Chad Barraford said node operators only have access to publicly available information. The report does not establish that the calls to block transactions caused RUNE’s price decline.
Bearish
The immediate market signal is bearish: RUNE lost more than a fifth of its value in 24 hours and traded close to its reported low. Such a sharp move can prompt short-term traders to reduce exposure, trigger stop-loss orders and increase volatility, particularly if trading volume rises or the price fails to recover key levels. The reported calls by US agencies for THORNode operators, RPC nodes and DeFi services to block transactions linked to the Binance hack may also add uncertainty about operational and regulatory risks around THORChain. However, the article does not show that these calls caused the sell-off, nor does it provide volume, order-book or broader market data. As in other crypto sell-offs following security incidents or regulatory uncertainty, initial risk aversion can spill into related tokens, but price direction may change if the market considers the concerns contained or receives clarifying information. Longer term, the impact depends on whether transaction restrictions are implemented, whether they affect THORChain’s operation or reputation, and how the project responds. This is a bearish reading of the reported price action, not a prediction of future performance.