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…