Toncoin Falls More Than 14% In 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has experienced a significant price drop of 14.35% in the past 24 hours, continuing a week-long decline of 20%. Despite the price drop, trading volume has surged by 436% over the past week, and the circulating supply has increased slightly to 2.52 billion. Toncoin's market cap is currently ranked #10 at $13.11 billion.
August 05, 2024 | 7:01 pm
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NEGATIVE IMPACT
Toncoin has seen a sharp decline of 14.35% in the past 24 hours and 20% over the past week. Despite the price drop, trading volume has increased by 436%, and the circulating supply has slightly risen to 2.52 billion. The market cap is now $13.11 billion, ranking it #10.
The significant price drop of 14.35% in the past 24 hours and 20% over the past week indicates a bearish trend for Toncoin. The increase in trading volume suggests heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100