Home
News
Details

Toncoin (TON) Price Falls 74%, Onchain Capital Losses Exceed Price Drop

iconCaptainAltcoin
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
TON
$1.4678-0.04%
This is the logo of the coin.
BTC
$87,405.00-1.29%
Toncoin (TON) crypto price fell 74% from its January peak of $6 to $1.55, per Captainaltcoin. Bearhard notes onchain losses are worse than the price analysis shows. TVL in USD dropped 90% to $84M, while TVL in TON tokens stayed steady. App fees and DEX volume held up, but token supply growth and Bitcoin’s institutional support weigh on TON. A $53M liquidation on October 10 crushed longs, shifting derivatives behavior.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.