Part 3/9:
For illustration, one influencer, Ran Nuna, has been heavily promoting Thorchain’s native token, Rune. Despite its promising nature as a decentralized liquidity network enabling cross-chain swaps, circumstances around Rune have taken a severe downturn. Instead of watching it rise, the protocol is now facing potential insolvency. While Ran portrays the losses as relatively insignificant—claiming the debt amounts to only $75 million—it’s essential to recognize the discrepancy in his views and the actual market reality.