cryptd.in

LinkedIn alternativ pentru talentele cripto-friendly

Guilty Verdict Sends TORN Price Crashing 15% — What’s Next?

-

de

cryptd.in
în

TL;DR

  • Tornado Cash developer Roman Storm was found guilty of operating an unlicensed money service business.
  • TORN price dropped below $10 after the court decision, recording a 24% loss over seven days.
  • Active addresses spiked to 173 on August 6, likely driven by wallet activity during market sell-off.

Court Finds Tornado Cash Developer Guilty

Roman Storm, a developer and co-founder of Tornado Cash, has been found guilty of running an unlicensed money transmittal business. The verdict came from a federal jury in Manhattan on August 6, following four days of deliberations.

Meanwhile, the court reached a decision on one felony charge. The jury did not reach agreement on two other charges tied to money laundering and sanctions violations. Storm now faces a sentence that could reach up to five years in prison.

TORN Price Falls After Court Ruling

Notably, the price of Tornado Cash (TORN) dropped about 15% following the verdict. The token was trading at $10.3 at press time, with a 24-hour trading volume of roughly $1.7 million. It has lost nearly 18% in one day and around 24% over the past week.

Before the decision, analyst Papa Wheelie suggested the token could dip if there was a guilty verdict. He noted that while downside was likely in that case, he expected the protocol itself to stay active and could recover in time.

Indicators Show Continued Downward Pressure

Price charts for the TORN/USDT pair show strong selling. The Relative Strength Index (RSI) dropped to 32, approaching oversold conditions. It also moved below its signal line, which had been at 45.

TORN price chart
Source: TradingView

Furthermore, the MACD indicator is also negative. Its line is under the signal line, and there are red bars in the histogram which are still increasing. Both indicators indicate active selling with no imminent indications of reversal.

Activity on Network Increases

The number of active addresses on the Tornado Cash network rose sharply on August 6, reaching 173. This marked the highest level in the past month. It came as the price dropped below $10.

glassnode-studio_torn-number-of-active-addresses
Source: Glassnode

For most of July, the count stayed between 60 and 120 addresses. The spike in activity may be linked to users moving funds in response to the legal outcome. It likely reflects increased caution rather than new demand.

Postul Guilty Verdict Sends TORN Price Crashing 15% — What’s Next? a apărut prima dată pe CryptoPotato.

Comentarii

Lasă un răspuns

Adresa ta de email nu va fi publicată. Câmpurile obligatorii sunt marcate cu *

Ultimele fluxuri

Categorii populare

ro_RO Română
ro_RO Română en_US English et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Căutați pe site

Povești populare

Etichete

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElecție (1) #BinanceVsCoinbase (1) #Bitcoin (451) #BitcoinETF (3) #BitcoinFundamente (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCachiziție (1) #BullishPrediction (1) #BullishSentiment (1) #CincianăMiniere (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPrediciuni (1) #CryptoReglementare (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoIncertitudine (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolumele (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Fimpact financiar (1) #FinanciarPrivire privată (1) #FirmShutdown (1) #F Contul înghețat (1) #IllicitFunds (1) #InflationData (1) 1TP5Investiții (1) 1TP5Pierdere din investiții (1) #JaponezăFirmă (1) #Acțiune juridică (1) #Impact juridic (1) #Legislație (1) #LightningNetwork (1) #MAnaliză de piață (3) #MMonitorizare de piață (1) #MPredicție de piață (1) #MPrediciții de piață (1) #Mproiecție de piață (1) #MarketSupport (1) #MVolatilitatea pieței (1) #MCăsătorie (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitabilitate (1) #MSpălare de bani (2) #MtGox (4) #N Coreea de NordCrypto (1) #NovogratzPredicție (1) #PriceMilestone (1) #PPrețPredicție (2) #Price Întrebare (1) #PriceSurge (1) #PrisonSentință (1) #QuantAnalysis (1) #ReglementarePresiune (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TAnaliză tehnică (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotențial (1) #USCongresul (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Link-uri utile

Link-uri pe care le-am găsit utile și pe care am dorit să le împărtășesc.