There is not enough price history yet to tell how much of RUNE's move followed Bitcoin; the figures below describe the move, not its cause. This is RUNE's largest 24-hour fall in 29 days. 1 RUNE report is on the timeline below: 0 published before the largest hourly move and 1 during or after it. Timing alone does not show what caused the move.
What may have driven the move
THORChain-specific scrutiny over funds linked to the Binance hack is the clearest possible trigger. The price also spiked and then fell back; the available timing does not establish when the fall began.
May have started the movePossible
Reports tied THORChain to the investigation and said the FBI urged it to block stolen funds. This could have raised concerns about scrutiny or disruption; reports appeared at Nov 1, 03:05 UTC, 12:20 UTC and 18:25 UTC. One earlier report described a RUNE rally, so it does not explain the later fall by itself.
An analyst cited by The Block said North Korean hackers laundered $242 million of Binance loot through Tron, and that crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of the stolen funds off Tron, with…
Report summaries say what each report stated; none is presented as the cause of the price move.
How often has this happened before?
Since 2020-12-17, RUNE has fallen 10% or more in a UTC day 57 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 21 of 57 cases, with a median change of -2.67%. This is history, not a forecast.
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.