$TORN Spike 60% As US Treasury Drops Sanctions on Tornado CashThe US Treasury Department officially clarified that the Tornado Cash crypto mixing service is no longer on the Specially Designated Nationals (SDN) list. The move comes after a federal court in late 2024 passed a verdict that the immutable smart contracts on the protocol could not be regarded as “property” under the anti-sanctions law.
The move prompted a rapid 60% surge in the value of the TORN token shortly after the announcement, a move that was contingent on the falling wedge pattern formed since the month of January, 2025.
TORN Token Jumps Over 60% in Minutes
The U.S. Treasury Department has delisted Tornado Cash today. The change was reflected in the updated Specially Designated Nationals (SDN) list maintained by the Office of Foreign Assets Control (OFAC). Ethereum addresses connected to Tornado Cash were also delisted.
Following the announcement, the TORN token saw a dramatic price rise. It surged over 60% within minutes, with increased trading activity on major exchanges. Additionally, the 24-hour trading volume spiked by 950% to $1.79 million. Market analysts attributed the spike to renewed confidence in the protocol’s legal standing.
Technical Outlook
As of the time of writing, $TORN coin is up 48% trading within a bullish horizon after breaking out of a falling wedge pattern. While despite the bullish momentum, $TORN seems to have more room for a bullish surge as the 4hour Relative Strength Index (RSI) indicates $TORN isn't overbought at 66.
A break above the $15 resistant point could spark another breakout to the recent January high of 2024 that constituted to the falling wedge pattern.
Tornado Cash Price Live Data
The live Tornado Cash price today is $12.97 USD with a 24-hour trading volume of $3,010,026 USD. Tornado Cash is up 51.70% in the last 24 hours, with a live market cap of $68,179,098 USD. It has a circulating supply of 5,257,564 TORN coins and the max. supply is not available.
