TORN price rallies 170% as Ethereum's Vitalik Buterin urges Trump to pardon Tornado Cash founders

출처 Fxstreet
  • TORN, the native token of Tornado Cash, crossed the $20 mark on Friday, posting 170% gains since Trump’s inauguration.
  • Ethereum co-founder Vitalik Buterin has called for the release of Tornado Cash co-founders after Trump’s recent pardon of Ross Ulbricht.
  • Recent events have boosted demand for privacy-focused coins with Monero, TRON and DASH attracting significant search interest on Coingecko.

TornadoCash (TORN) price hit $20 on Friday, having increased by nearly 170% since Trump’s inauguration. TORN price appears poised for more near-term gains as Ethereum’s Vitalik Buterin issued statements calling for the release of the mixer protocol’s co-founders. 

Tornadocash posts 170% gains in first week of Trump’s presidency 

TornadoCash (TORN) has emerged as one of the biggest beneficiaries of Trump’s presidency as multiple bullish catalysts propelled its price to new heights this week.

Two key US regulatory moves have significantly influenced TORN's remarkable upward trajectory.

First, in a landmark decision, a US court reversed sanctions placed on TornadoCash, initially imposed under the Biden administration due to allegations that North Korean hackers used the cryptocurrency mixer for money laundering. This legal victory has revitalized market confidence in the protocol. 

Adding further momentum, President Trump issued an executive order pardoning Ross Ulbricht, founder of the notorious Silk Road dark web marketplace. This unprecedented move has reignited enthusiasm among privacy-focused crypto advocates, boosting TornadoCash’s appeal.

TornadoCash (TORN) Price Action

These developments have driven TORN’s price action significantly. Since Trump's inauguration, TORN has surged 167%, rallying from $7.50 on Monday to $20 by Friday’s close.

This incredible rally outpaces other major gainers like Solana, Chainlink and Tron (TRX), which posted solid but comparatively modest double-digit gains over the same period.

Ethereum co-founder calls for release of TornadoCash founders

TornadoCash’s co-founders, Roman Storm and Alexey Pertsev, were detained in 2022 under accusations of enabling money laundering through their decentralized protocol.

US authorities charged them with facilitating the laundering of over $7 billion in cryptocurrency, including funds allegedly tied to North Korean hackers. 

The arrests sparked heated debates across the crypto community with enthusiasts and privacy advocates criticizing the detentions as an overreach that could stifle innovation.

Vitalik Buterin calls for TornadoCash Co-Founder’s release, January 23, 2025, Source: X.com/VitalikButerin

Vitalik Buterin, Ethereum’s co-founder, recently reignited the conversation, calling for the release of Storm and Pertsev.

In a widely shared social media post, Buterin declared, "No man left behind," while emphasizing the need to free these developers, who he believes were unfairly targeted.

His call to action has intensified global scrutiny of the legal treatment of TornadoCash’s creators and energized privacy coin markets.

Privacy Coins Sector Performance, January 24 2025 | Source: Coingecko

Recent events, including Buterin’s statements, have boosted demand for privacy-focused cryptocurrencies like Monero (XMR), TRON and ZCASH.

Coingecko data shows a sharp rise in search interest for these assets within the last 24 hours, underscoring growing investor enthusiasm for privacy solutions.

The increasing attention on TornadoCash suggests that TORN is gaining traction among new market entrants.

Should its co-founders be released, the expanding customer base could stabilize TORN’s price, insulating it from sharp downturns when market euphoria subsides.

TORN Price Forecast: Multi-day closes above $20 to confirm next leg-up? 

TornadoCash (TORN) continues to show remarkable momentum, rising 169.69% over five days to trade near $20.13. Despite the rally, the chart highlights $21 as a critical resistance level for the next bullish confirmation. A multi-day close above this threshold could ignite a further rally toward $26.

The technical chart shows a decisive breakout above the 50-day (red) and 200-day (blue) moving averages, signaling bullish strength. Volume surged to 626,770, reflecting heightened market interest. The Parabolic SAR (blue dots) remains below the candles, reinforcing the uptrend. 

TornadoCash (TORN) Price Forecast 

Sustained buying at current levels could push TORN above $21, paving the way for price targets at $26 and $30 that align with Fibonacci extensions.

However, failure to break and hold above $21 may trigger profit-taking as overbought conditions loom after a 169% surge. Volume is tapering off, hinting at a possible demand slowdown. If prices dip below the $18 support zone, TORN could retrace to $14, near the 200-day Simple Moving Average (SMA), undermining recent bullish sentiment.

The rising interest in privacy coins supports the bullish narrative, but strategic traders hold out for a confirmation breakout of $21 before entering fresh positions.
 

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
솔라나(SOL) 60불대 추락 '패닉'… 선물 미결제약정 1년래 최저 "자금 다 빠졌다"솔라나(SOL)가 비트코인 약세 속에 67.50달러까지 추락했습니다. 미결제약정 급감과 펀딩비 마이너스 전환 등 선물 시장 데이터는 60달러까지의 추가 하락 가능성을 시사하고 있습니다.
저자  Mitrade팀
10 시간 전
솔라나(SOL)가 비트코인 약세 속에 67.50달러까지 추락했습니다. 미결제약정 급감과 펀딩비 마이너스 전환 등 선물 시장 데이터는 60달러까지의 추가 하락 가능성을 시사하고 있습니다.
placeholder
"전쟁 공포 걷히자 투기판 끝났다"… 은(銀), 72달러 붕괴 '1월래 최저'미-이란 긴장 완화와 차익 실현 매물로 은값이 71.90달러까지 추락했습니다. 전문가들은 투기 거품 붕괴를 경고하는 가운데, 미국 고용 지표 둔화가 추가 하락을 방어할지 주목됩니다.
저자  Mitrade팀
10 시간 전
미-이란 긴장 완화와 차익 실현 매물로 은값이 71.90달러까지 추락했습니다. 전문가들은 투기 거품 붕괴를 경고하는 가운데, 미국 고용 지표 둔화가 추가 하락을 방어할지 주목됩니다.
placeholder
"트럼프 호재 다 까먹었다"… 비트코인 6만 불 턱걸이, 이더리움 작년 5월로 후퇴트럼프 당선 이후 상승분을 모두 반납한 비트코인, 이더리움, 리플이 동반 폭락했습니다. 비트코인은 6만 달러, 이더리움은 1,750달러가 붕괴 위기에 처했으며 당분간 횡보 장세가 전망됩니다.
저자  Mitrade팀
11 시간 전
트럼프 당선 이후 상승분을 모두 반납한 비트코인, 이더리움, 리플이 동반 폭락했습니다. 비트코인은 6만 달러, 이더리움은 1,750달러가 붕괴 위기에 처했으며 당분간 횡보 장세가 전망됩니다.
placeholder
"하루 3.7조원 증발했다"… 비트코인 6만불 '패닉', 공포지수 '5' 추락비트코인 6만 달러 터치와 함께 하루 26억 5천만 달러가 강제 청산되며 가상화폐 시장이 패닉에 빠졌습니다. MSTR 어닝 쇼크와 미 정부의 구제금융 불가 방침 등 악재를 분석합니다.
저자  Mitrade팀
11 시간 전
비트코인 6만 달러 터치와 함께 하루 26억 5천만 달러가 강제 청산되며 가상화폐 시장이 패닉에 빠졌습니다. MSTR 어닝 쇼크와 미 정부의 구제금융 불가 방침 등 악재를 분석합니다.
placeholder
"기술주 투매에 금(金)이 웃었다"… 4,655불 찍고 반등, 고용 쇼크도 한몫기술주 폭락에 따른 안전자산 선호와 미국 고용 지표 부진으로 금값이 4,655달러 저점에서 반등했습니다. 다만 강달러와 기술적 저항선(5,026달러)이 상승폭을 제한하고 있습니다.
저자  Mitrade팀
11 시간 전
기술주 폭락에 따른 안전자산 선호와 미국 고용 지표 부진으로 금값이 4,655달러 저점에서 반등했습니다. 다만 강달러와 기술적 저항선(5,026달러)이 상승폭을 제한하고 있습니다.
goTop
quote