Aave

Crash

Cardano

Toncoin

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<ul class="wp-block-list news-points">
 <li>If TON fails to reclaim the $4.7 support level, a 45% crash can be witnessed.</li>
 <li>TON was replaced by Cardano (ADA) as the 10th largest cryptocurrency.</li>
 <li>Two wallets, possibly related, bought a massive $2.2 million worth of AAVE.</li>
</ul>
<a href="https://coinedition.com/telegrams-troubles-weigh-on-toncoin-and-the-ton-blockchain/" rel="noopener noreferrer nofollow">Read also: Telegram’s Troubles Weigh on Toncoin and the TON Blockchain</a>
Toncoin (TON), the native token of The Open Network, has slipped from its 10th position in the crypto market, overtaken by Cardano (ADA). Meanwhile, whales have been accumulating Aave (AAVE), driving the altcoin’s price higher.
According to the <a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, Toncoin was the worst performer in the top 15 digital assets, down 3% in the past 24 hours. The altcoin is trading at $4.60 and its market cap currently stands at $11.65 billion. It has also declined nearly 18% over the past week.
Crypto analyst Ali Martinez warned on X (formerly Twitter) that if TON doesn’t reclaim the $4.70 level as support soon, a significant crash of up to 45% is possible.
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 <a href="https://twitter.com/hashtag/Toncoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Toncoin</a> needs to reclaim the $4.70 support level soon. If <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TON</a> fails to do so, a 45% correction down to $2.60 could be likely. <a href="https://t.co/Jv0V47sXjQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Jv0V47sXjQ</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1831389010541081033?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
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Meanwhi…
The post <a href="https://coinedition.com/aave-price-surges-as-whales-buy-in-ton-faces-potential-crash/" rel="noopener noreferrer nofollow">AAVE Price Surges as Whales Buy In, TON Faces Potential Crash</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

AAVE Price Surges as Whales Buy In, TON Faces Potential Crash

Coin Edition

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