Tornado Cash’s TORN Token Falls 11.54% in 30 Minutes to $4.14

Tornado Cash’s TORN governance token fell 11.54% in 30 minutes Saturday, Nov. 14, adding to its 24-hour decline while several larger cryptocurrencies also traded lower.

The token moved from $4.68 to $4.14, reaching $4.14 by 9:21 a.m. ET (14:21 UTC). At that time, TORN was down more than 14% over the preceding 24 hours.

Its 24-hour range was $4.14 to $4.76, with a market capitalization of about $19.7 million and 24-hour trading volume of $618,588. The $4.14 price was also the low end of the reported daily range.

At 9:23 a.m. ET (14:23 UTC), Bitcoin (BTC) was down 3.9% over 24 hours, Ether (ETH) was down 4.5% and Solana (SOL) was down 7.8%. The snapshots provide broader market context but do not establish what drove TORN’s move.

TORN gives holders a role in protocol governance: They can propose and vote on changes to Tornado Cash.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].