A THORChain-specific operational disruption is the clearest candidate: reports said an Ethereum reorganization caused a duplicate refund and an emergency pause. The fall may also have been amplified by long liquidations, but their timing does not establish that they started it.
May have started the movePossible
Reports published Oct 31 at 11:02 UTC said an Ethereum reorganization led to a duplicate refund and THORChain pausing operations. A disruption could weaken confidence in the protocol or demand for RUNE.
The report times are not verified event-onset times, and the evidence does not show the pause’s direct effect on RUNE or connect it to the start of the fall.
The reports do not establish when the pause began or how directly it affected RUNE demand; the liquidation data covers one venue and cannot show whether liquidations preceded or followed the fall.
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…