The native token of the ThorChain ecosystem, RUNE, is experiencing a major sell-off as whales and insiders dump their positions amid concerns that the project is insolvent and will declare bankruptcy on Monday. Validators have voted to leave the network, and insiders and whales are already selling off their holdings. RUNE is currently trading at around $1.53 per token and is predicted to fall below $0.80 by the end of Saturday. This sell-off comes after THORChain faced a crisis in January due to its controversial lending program, accumulating approximately $200 million in liabilities. Despite measures taken to address insolvency risks, the platform's native token, RUNE, experienced a significant decline, dropping approximately 44% in value within a week. This crisis has raised concerns about the platform's financial health and drew comparisons to the Terra/Luna collapse of 2022.



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