Twister Money (TORN) worth and defi complete worth locked (TVL) surged whereas the broader crypto market has been consolidating in bearish situation.
TORN is up by 11.8% previously 24 hours and is buying and selling at $3.36 on the time of writing.
The asset’s market cap surpassed the $17 million mark with a each day buying and selling quantity of $51,000. TORN is at present the 957th-largest cryptocurrency.
Furthermore, the asset briefly touched an intraday excessive of $3.39 earlier at the moment, at round 08:40 UTC.
Regardless of the present worth rally, TORN continues to be down by 99.23% from its all-time excessive of $437.41 on Feb. 13, 2021. Notably, the Twister Money token touched an all-time low of $1.31 on Jan. 10 — 5 months in the past.
The TORN worth rally comes whereas the worldwide crypto market capitalization recorded a 0.5% decline previously 24 hours and is at present hovering at $2.67 trillion.
Based on information supplied by Defi Llama, the TVL within the Twister Money defi protocol elevated by 7% over the previous day, reaching $614.18 million — a degree final seen on Could 5, 2022. Wrapped Ethereum (WETH) has the most important token allocation within the protocol.
Information reveals that the Twister Money defi protocol, an Ethereum-based privateness software, witnessed $41.63 million in USD inflows at the moment.
Twister Money’s downfall began in August 2022, when the U.S. Treasury’s Workplace of Overseas Property Management (OFAC) sanctioned the platform over cash laundering. Notably, authorities arrested its founder, Alexey Pertsev, within the Netherlands just a few days after the announcement of the sanctions.
On Could 30, Ethereum co-founder Vitalik Buterin donated 30 ETH to the Juicebox marketing campaign “Free Alexey & Roman,” exhibiting help to the Twister Money builders.
