THORChain · RUNE/USDT · daily
What happens to THORChain after a 50% drop in 30 days?
Since 2020, THORChain has shown a 50% drop in 30 days 21 times. In the 21 cases old enough to score, the price was higher 7 days later 62% of the time, with a median move of +7.1%. On an ordinary day the median 7-day move for RUNE is −0.3%.
Weak evidence48
There is a gap, but once you allow for how many studies were run, a gap this large is luck about 34% of the time, so it should not be relied on.
By holding period
| After | Cases | Higher | Median move | Middle half | Ordinary median | Gap | By luck | Proof score |
|---|---|---|---|---|---|---|---|---|
| 1 day | 21 | 57% | +2.2% | −2.0% to +9.2% | −0.1% | +2.3% | 21% | 55 |
| 3 days | 21 | 57% | +3.5% | −9.7% to +14.6% | −0.1% | +3.6% | 39% | 20 |
| 7 days | 21 | 62% | +7.1% | −8.4% to +12.0% | −0.3% | +7.4% | 34% | 48 |
| 14 days | 21 | 57% | +2.0% | −34.4% to +11.2% | −1.1% | +3.1% | 88% | 14 |
| 30 days | 21 | 43% | −17.3% | −36.3% to +10.4% | −2.1% | −15.2% | 59% | 46 |
“Ordinary median” is the median move of RUNE over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 3.4%).
Holding it for 7 days
Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.
Did it hold up over time?
Splitting the cases by date: in the earlier 12 the gap over 7 days was +4.5%, and in the later 9 it was +7.9%. Same direction both times.
Every occurrence
One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.
| Date | Close | +1d | +7d | +30d |
|---|---|---|---|---|
| 21 Feb 2025 | $1.20 | +13.2% | +7.6% | +6.8% |
| 14 Feb 2025 | $1.37 | −2.0% | −12.2% | −17.3% |
| 7 Feb 2025 | $1.20 | +3.2% | +14.0% | +1.5% |
| 31 Jan 2025 | $2.13 | −45.1% | −43.6% | −34.2% |
| 24 Jan 2025 | $2.10 | +29.5% | +1.2% | −33.0% |
| 14 Jan 2025 | $3.21 | +9.7% | +7.9% | −54.9% |
| 13 Apr 2024 | $4.95 | +9.2% | +14.1% | +17.4% |
| 16 Jun 2022 | $1.68 | +2.2% | +29.5% | +34.8% |
| 31 May 2022 | $3.16 | −11.9% | −8.4% | −40.9% |
| 23 May 2022 | $2.96 | +3.6% | +12.0% | −40.2% |
| 16 May 2022 | $3.20 | +6.3% | −7.6% | −36.3% |
| 9 May 2022 | $4.55 | −3.2% | −29.6% | −37.3% |
The 12 most recent. All 21 are in the open data file.
The rule
Close at least 50% below the close 30 days earlier.
Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.
The same signal on other coins
| Coin | Cases | Higher after 7d | Median | Gap | Verdict |
|---|---|---|---|---|---|
 Fetch.ai | 21 | 52% | +1.2% | +2.4% | No better than chance |
 Harmony | 22 | 45% | −0.6% | +0.7% | No better than chance |
50% drop in 30 days across all 94 coins
Other THORChain signals
New signals are sealed in the public ledger at the daily close. Members see them immediately; everyone else sees them a day later.
See today's signals