RUNE becomes top gainer amid Binance withdrawal suspension
RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset’s withdrawals. RUNE gained 7.6% in the past 24 hours and is trading at $1.61 at the time of writing. The rise comes while the asset’s 24-hour trading volume registered almost 50% incline, currently at $50 million. RUNE price, social volume and positive sentiment – Sep. 7 | Source: Santiment Moreover, RUNE’s market cap rose to $546 million, making it the 61st largest crypto asset. You might also like: Binance will reportedly delist Monero and privacy coins in Belgium The price hike comes while the largest crypto exchange by trading volume, Binance, suspended RUNE withdrawals on its BNB Beacon Chain (BEP2). The exchange noted that the suspension comes due to high wallet congestion. However, RUNE’s withdrawals on THORChain and the asset’s deposits on both networks seem to be...