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

Fonte 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.
 

Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
placeholder
Ouro cai abaixo de US$ 4.400; suporte em US$ 4.360 pode definir reação do XAU/USDO ouro caiu abaixo de US$ 4.400 após três sessões de forte queda, mas a aproximação do suporte-chave em US$ 4.360 pode abrir espaço para uma recuperação técnica no curto prazo.
Autor  TradingKey
9 horas atrás
O ouro caiu abaixo de US$ 4.400 após três sessões de forte queda, mas a aproximação do suporte-chave em US$ 4.360 pode abrir espaço para uma recuperação técnica no curto prazo.
placeholder
Prata recua abaixo de US$ 74 com alerta de bancos sobre pico da demanda industrialA prata segue abaixo de US$ 74 pressionada pela desaceleração da demanda industrial, redução do uso de prata no setor solar, queda nas posições em ETFs e incertezas sobre juros do Fed.
Autor  TradingKey
9 horas atrás
A prata segue abaixo de US$ 74 pressionada pela desaceleração da demanda industrial, redução do uso de prata no setor solar, queda nas posições em ETFs e incertezas sobre juros do Fed.
placeholder
Últimas notícias: Nível de suporte crucial de US$ 4.400 é rompido, com o ouro caindo para a menor cotação em dois meses devido a uma nova escalada na tensão com o IrãO ouro (XAU/USD) continua sob certa pressão de venda pelo terceiro dia consecutivo e cai para níveis abaixo dos US$ 4.400, atingindo uma nova mínima de dois meses durante o pregão asiático desta quinta-feira.
Autor  FXStreet
14 horas atrás
O ouro (XAU/USD) continua sob certa pressão de venda pelo terceiro dia consecutivo e cai para níveis abaixo dos US$ 4.400, atingindo uma nova mínima de dois meses durante o pregão asiático desta quinta-feira.
placeholder
Será que agentes de IA poderiam expor a próxima onda de vulnerabilidades ocultas DeFi?Todos os protocolos DeFi podem ser vulneráveis a agentes de IA que encontram falhas, alertou Manuel Araoz, fundador da Open Zeppelin.
Autor  Cryptopolitan
18 horas atrás
Todos os protocolos DeFi podem ser vulneráveis a agentes de IA que encontram falhas, alertou Manuel Araoz, fundador da Open Zeppelin.
placeholder
O valor bloqueado em ações tokenizadas expandiu de US$ 995 milhões para US$ 1,6 bilhão em maioAs ações tokenizadas expandiram-se rapidamente em maio, descobrindo nova liquidez e demanda. Elas suplantaram outras atividades on-chain à medida que os criptoativos estagnaram.
Autor  Cryptopolitan
18 horas atrás
As ações tokenizadas expandiram-se rapidamente em maio, descobrindo nova liquidez e demanda. Elas suplantaram outras atividades on-chain à medida que os criptoativos estagnaram.
Produtos relacionados
goTop
quote