RSIC Runecoin

Based on recent information, Runecoin's price decreased primarily due to the suspension of THORFi services by THORChain[3]. This suspension created uncertainty among users and triggered a cycle of fear[5]. As the price of RUNE dropped, the value of collateral in savings (denominated in RUNE) increased, causing further concern and selling pressure.

Additionally, there are reports of broader issues affecting the project:

1. Concerns about data access and security have emerged, potentially impacting user confidence[6].

2. The crypto market as a whole has experienced volatility, which may have contributed to RUNE's price decline.

3. There are indications of possible criminal activity investigations related to Rune Swap, which likely shook investor confidence[8].

It's important to note that cryptocurrency prices can be highly volatile and influenced by various factors. The reasons mentioned above are some of the most recent and relevant explanations for Runecoin's price decrease, but the full picture may be more complex.