Tornado Cash TORN

What TORN actually is on-chain

Tornado Cash is an ERC-20 deployed on Ethereum, at contract address 0x77777feddddffc19ff86db637967013e6c6a116c. That address, not the ticker TORN, is what uniquely identifies this asset: anyone can deploy a second token calling itself TORN, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, TORN is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in TORN itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For TORN the project publishes a public source repository and an active account as @TornadoCash. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where TORN sits in the market

At #758, Tornado Cash is in the top of the small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 1 live TORN order book (HTX). That is thinner coverage than a #758 ranking would normally imply — a move on one of these books is close to the whole market for TORN, with no deep second venue to arbitrage it back. None of the books we see for TORN are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

TORN against its all-time high

TORN is more than 95% below its all-time high of $436.16 (on 2021-02-13) — a 74.1x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for TORN is the downside, not the peak, so the range section below matters more than this one. It was set 6 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

TORN across its historical range

TORN has traded across a 338x range, between $1.29 and $436.16. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

TORN trades roughly 4.56x above its record low of $1.29 (on 2023-12-09). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

TORN supply and valuation data

Tornado Cash sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for TORN but not an audited token count. What we do have is a fully diluted valuation of $70.5 million as of 2026-05-12. That places it in the top 10% by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset TORN is

Tornado Cash belongs to the privacy-coin category, which comes with a specific and unusual risk profile: the dominant driver of its trading environment is regulation, not technology or demand. Privacy assets have been removed from major regulated exchanges in several jurisdictions, and each delisting permanently narrows where the asset can be traded and how deep its books are. For this class, exchange availability is not a convenience question — it is the primary risk factor, and it moves in steps rather than continuously.

CoinGecko files TORN under 5 categories, including Decentralized Finance (DeFi), BNB Chain Ecosystem, Ethereum Ecosystem, Privacy Infrastructure, Privacy. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Tornado Cash alert that is worth receiving

Tornado Cash is the ERC-20 at 0x7777…116c on Ethereum — quoted on 1 venue we stream — high dated 2021-02-13 — rank #758. On this profile the condition that carries signal is a price threshold plus venue-availability news, which moves this class faster than any candle.

Full alert-design method: thresholds, RSI/MACD and volume conditions →