Thorchain co-founder defends against wallet freeze request
THORChain (RUNE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Thorchain co-founder and lead developer Chad Barraford has defended the protocol’s refusal to freeze hacker-linked wallets. This stance follows a request from Bitget CEO Gracy Chen to block specific addresses. Barraford criticized the crypto industry’s resistance to such wallet-blocking demands. He highlighted that neutral networks cannot simply pick who is allowed to transact.
How the market reacted
Whalio's own Binance spot order flow for RUNE, measured when this story was written up on 1 October 2026. Not the outlet's figures.
RUNE is trading at $0.8000 with a 24-hour spot volume of $8,103,266. The 1-hour buy ratio sits at 45.1%, indicating that selling pressure is currently dominant in the short term. This contrasts with the 4-hour buy ratio of 54.3%, where buyers hold a slight edge. The 24-hour buy ratio of 47.3% shows that over the full day, sellers have outpaced buyers. The Volume Delta of -$10,529 in the last hour confirms this immediate selling pressure, while the 4-hour delta of +$54,456 suggests buying activity has been stronger over a slightly longer window. Cumulatively, the negative 24-hour Volume Delta of -$439,976 and CVD of -$324,769 indicate that net selling has dominated the day's flow.
The latest daily buy ratio of 45.1% sits at the 6th percentile of the last 323 days, against a median of 50.3% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for RUNE, averaged over the days leading up to the story.
Over the preceding week, RUNE saw a price increase of 30.9% with seven consecutive days of net buying. The 7-day average buy ratio was 53.8%, which is 6.5 points higher than today's 24-hour reading. Volume today is at 0.60x the weekly average, indicating a significant drop in trading activity compared to the recent trend. While the weekly volume delta was positive at $7,998,472, today's negative flow marks a shift from the previous week's consistent accumulation.