THORChain's token, RUNE, is showing a bearish signal with a bearish flag pattern, indicating further downside potential. Despite a surge in swap volume and active addresses, RUNE has dropped 82% from its November peak and remains 90% below its all-time high. The recent increase in activity has been linked to the Bybit hack, where over $240 million worth of Ethereum was laundered through the network. Additionally, THORChain faces challenges such as pausing lending and a core developer's resignation after a failed vote to block North Korean hacker-linked transactions. The price decline follows a head and shoulders pattern, and a breakdown below critical support levels could confirm further downside.



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