Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban – Bitcoin News

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Since the feds banned the mixing application alongside associated ETH-based addresses, TORN has taken a severe market beating.

has lost more than half of its USD value. TORN is an ERC20-based token that was launched in February 2021, and 5% of the supply was airdropped to users who had leveraged the mixing application before the snapshot.

There’s approximately 1,511,065 TORN tokens and 500,000 TORN was airdropped to the Tornado Cash community. Since the U.S. governmenton Tornado Cash and banned the mixing application alongside associated ETH-based addresses, TORN has taken a severe market beating. TORN has seen $43.4 million in global trade volume and a lot of it stems from selling. Popular crypto exchanges that list TORN include Binance, Bingx, and Bitget. 69.93% of all TORN trades today are paired against

 

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