Crash

Token

Gram (prev. Toncoin)

TON Token

A sudden and severe collapse in Toncoin (TON) trading has shocked markets. On Binance, TON/USDT plunged from over $2.70 down to $0.554 in a flash crash, representing a drop in excess of –80 % at one point. The current spot price now hovers near $1.26, with dramatic volatility still rippling across order books and investor sentiment.
What’s happening:
<ul>
 <li>The one-hour chart revealed an extreme downward spike, with TON’s value diving well below its previous support zones.</li>
 <li>In the past 24 hours, the token’s high was near $2.755, while the low registered at $0.554, indicating widespread liquidation or a major cascade event.</li>
 <li>The collapse coincided with broader crypto market tensions and may have been exacerbated by thin liquidity, aggressive stop loss triggers, or coordinated dumping.</li>
</ul>
Potential catalysts &amp; reactions:
<ul>
 <li>Some community voices speculate that negative commentary from key figures influenced short-term momentum — for instance, a past remark by Binance’s CZ criticizing Telegram (which is closely tied to TON) has been cited by observers as possible sentiment pressure. &nbsp;</li>
 <li>TON has been under pressure in recent weeks. It recently fell below the $3.00 level following an ~7 % drop, as network and macro volatility weighed heavily. &nbsp;</li>
 <li>On a broader scale, altcoins are suffering across the board: TON was among the hardest hit in a recent market purge, registering intraday losses of ~41 %, alongside assets like DOGE (~39 %) amid liquidation cascades. &nbsp;</li>
</ul>
What this means going forward:
<ul>
 <li>The crash highlights how vulnerable even well‐known tokens can be to liquidity shocks and panic selling.</li>
 <li>If support fails, TON could revisit sub-$1 territory or even test fractional values — though some sharp rebounds are possible if bidding interest returns.</li>
 <li>Market watchers will be closely watching for order book recoveries, on-chain flows, and whether key holders intervene.</li>
</ul>

TON Token Plunges — Crash to $0.55 on Binance Sparks Alarm

CoinstelegramEng

Other articles published on Oct 11, 2025

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