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RUNE jumps 19% as KelpDAO exploit funds flow through THORChain

The price of RUNE cryptocurrency surged sharply over the past 24 hours, climbing 19.1% to trade at $0.505, as an unusual spike in network activity pushed THORChain into the spotlight. The rally stands out against a broader crypto market that gained just 2.47% in the same period, with Bitcoin itself rising 2.53%. This clear outperformance points to a strong, asset-specific catalyst rather than a general market move. At the centre of the surge is a large-scale laundering operation tied to the KelpDAO exploit, which has significantly increased THORChain’s on-chain activity. KelpDAO exploit-driven activity fuels THORChain volume surge On-chain data shared by Specter shows that funds stolen from the KelpDAO exploit were rapidly moved through THORChain, with estimates suggesting between $80…