Tornado Cash has reached a total value locked (TVL) of $1.195 billion, driven by significant deposits from wallets linked to PulseX. Over 116,000 ETH, valued at approximately $399.5 million, has been transferred into the mixer, highlighting increased usage by large-scale investors, or 'whales,' as noted by security researcher Taylor Monahan. This development comes amid ongoing legal challenges for Tornado Cash, including U.S. sanctions and the conviction of developer Alexey Pertsev in the Netherlands. In a notable legal turn, a U.S. appeals court recently overturned OFAC sanctions against Tornado Cash, citing overreach, while the SEC has dropped its case against Richard Heart.