# TORN Rises 11.8% in an Hour as Broader Altcoin Rotation Remains Unproven By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45995 Published: 2026-11-01T22:00:59.000Z Updated: 2026-11-01T22:00:59.000Z Section: Investing > TORN gained 11.85% over 24 hours, with $130,284 in volume and a market capitalization of about $31.7 million. Tornado Cash’s TORN governance token posted an 11.8% one-hour gain to $6.63 on Nov. 1, a sharp move in one asset that does not establish a wider altcoin rotation. TORN gained 11.85% over 24 hours and traded between $5.90 and $6.63 during that period. Its 24-hour volume was $130,284, and its market capitalization was $31,730,828, or about $31.7 million. Most altcoins traded sideways on Nov. 1, leaving TORN’s increase as a single-token move. The figures show a gain in TORN but do not establish that the wider altcoin market was turning higher. Analyst Dennis Liu has said a handful of strong performers can make market gains appear broader than they are. He has described altcoin gains as too narrow to confirm a broad rotation in [his analysis of altcoin performance](). TORN has a fixed supply, and holders can submit proposals and vote on protocol changes, as explained in [an earlier overview of the token’s governance role](). ## Links in this article - [his analysis of altcoin performance](https://www.tokenpost.com/news/investing/27121) - [an earlier overview of the token’s governance role](https://www.tokenpost.com/news/technology/44095)