Tornado Cash’s token, TORN, skyrocketed on Friday after a major legal win in the United States. The token surged to $15.55, marking its highest price since January 26. This represents a staggering 145% gain from its lowest point this year, signaling renewed investor interest in the embattled crypto mixer.
U.S. Court Ruling Sparks Market Reaction
The rally came after the Office of Foreign Assets Control (OFAC) removed sanctions on Tornado Cash. A federal court ruled that the U.S. Treasury overstepped its authority by blacklisting the platform. This decision reversed a controversial move that had put the crypto community on edge.
For over a year, Tornado Cash was labeled a national security risk. The government alleged that the platform enabled money laundering by obscuring blockchain transactions. However, the court’s decision has now cast doubt on the Treasury’s approach, raising questions about future regulatory actions on crypto privacy tools.
How Tornado Cash Works and Why It’s Controversial
Unlike traditional financial systems, cryptocurrencies operate on transparent ledgers. Every transaction is recorded on the blockchain, making it possible to trace funds. Tornado Cash disrupts this transparency by mixing transactions.
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Users deposit their tokens into a smart contract.
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The contract generates a private key.
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The funds can then be withdrawn using this key—without linking back to the sender.
This technology ensures privacy, but regulators fear it could be exploited for illicit activities. The U.S. government had argued that criminals used the platform to launder stolen funds, including those linked to North Korean hacking groups.
Can TORN Reach $370? One Analyst Thinks So
Crypto analyst Javon Marks has made a bold call. He predicts TORN could surge to $370—an eye-watering 2,650% jump from its current price. If that happens, the token’s market cap would swell from $46 million to $3.7 billion.
His track record lends credibility to the forecast. Marks previously predicted a major rally for PancakeSwap’s CAKE token, which more than doubled in value after his analysis. However, reaching $370 would require several key factors aligning in Tornado Cash’s favor.
What Needs to Happen for a Massive Rally?
A price surge of this magnitude won’t happen overnight. Several factors would need to fall into place:
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Bitcoin Breakout – A rising Bitcoin price often lifts the broader crypto market. If BTC hits a new all-time high, it could provide the momentum for TORN to climb.
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New Exchange Listings – More accessibility could drive demand, especially if leading platforms list TORN again.
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Increased Adoption – If privacy concerns continue to grow, more users may turn to Tornado Cash despite regulatory scrutiny.
For now, the market is reacting to the legal victory. But whether this rally turns into a long-term breakout remains uncertain.
