Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder
Yahoo Financeยท2025-11-03 15:34
The price of toncoin (TON) dropped 5% in 24 hours to $2.165 as market pressure intensified and Nasdaq reprimanded TON Strategy over a $272.7 million purchase of the token. The price broke through key support zones on the way down, according to CoinDesk Research's technical analysis data model. Trading volumes surged to 5.76 million tokens, nearly 1.5 times the 24-hour average, confirming strong selling conviction. A brief late-session bounce helped TON recover from its $2.162 low, but resistance near $2. ...