THORChain (RUNE) has been constantly losing value since April 2022 with a few hikes. The asset rose by 48% over the past seven days, reaching a key milestone of $1.42 on Aug. 13.
According to data provided by Santiment, the recent surge in THORChain’s price was fueled by a significant surge in social volume. Per the data, RUNE’s social volume rose by 4,300% between Aug. 7 and Aug. 13, driving notable attention toward the cross-chain liquidity protocol.
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Author: Wahid Pessarlay