Attention Crypto Enthusiasts: TON Experiences Major Crash on CoinMarketCap!
Are you keeping up with the latest in the crypto world? Keep reading to learn about the recent crash experienced by TON on CoinMarketCap.
The Crash
Here’s everything you need to know about the recent crash of TON on CoinMarketCap:
– TON’s price plummeted by over 90% in a matter of minutes.
– The price dropped from $5.2 to around $0.3 on CoinMarketCap.
– This sudden crash resulted in a massive 94% decrease in value.
The Reason
While this crash impacted TON’s value significantly, it was not directly related to the Toncoin team or project. The issue stemmed from a popular crypto aggregator.
– Users reported the problem on X, where TON’s price quickly recovered to $5.2.
– No complaints were registered on any cryptocurrency exchanges regarding this price drop.
Recent Challenges
TON has faced several issues recently, adding to the challenges the project is experiencing:
– The network suffered two outages last week, disrupting operations for over 12 hours.
– The outages were caused by the high demand for meme coins like DOGS on the blockchain.
– Pavel Durov, CEO of Telegram and a key supporter of the project, was arrested in France and faced preliminary charges.
Hot Take: Stay Informed About TON’s Rollercoaster Ride in the Crypto Market!
Stay informed about TON’s ups and downs in the volatile crypto market. Educate yourself to make informed decisions as a part of the crypto community!
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