The market responded to the US delisting of Tornado Cash, causing a 60% rise in TORN cryptocurrency in just a few hours.
TORN Sees 60% Price Surge
Following the delisting announcement, TORN's value skyrocketed. Within hours, the token's price increased from $7.71 to $15.26. Investors' positive reaction pushed the market cap up by $55 million and increased trading activity.
TORN’s Price Surge Follows Past Trends
The recent price jump after delisting draws parallels with past events. In November 2024, TORN rose from $3.4 to $19.2 following a court ruling against OFAC. In January 2025, it gained 20% after Alexey Pertsev's release. Although the current rise is slower, analysts anticipate further gains as confidence builds.
Legal Uncertainty and Future of Tornado Cash
Despite the encouraging delisting, legal risks persist. The US continues to scrutinize Roman Storm, a Tornado Cash co-founder, who faces trial in 2025. While the crypto community anticipates a favorable shift in the legal environment, without full clearance, TORN's rise may be unstable. Clear updates and legal approval are essential for maintaining trust and stability.
Tornado Cash's delisting boosted investor confidence. Experts believe that if positive sentiments persist, TORN's value could continue to rise. However, legal challenges related to the co-founders remain, necessitating cautious investor approach.
