Toncoin Down More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Toncoin (CRYPTO: TON) has experienced a significant price drop of 8.53% in the last 24 hours, continuing a week-long decline of 22%. Despite the price drop, trading volume has increased by 82%, and the circulating supply has risen slightly. Toncoin's market cap is ranked #11 at $13.67 billion.
August 26, 2024 | 7:00 pm
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NEGATIVE IMPACT
Toncoin has seen a sharp decline in price, dropping 8.53% in the last 24 hours and 22% over the past week. Despite this, trading volume has surged by 82%, indicating increased market activity. The circulating supply has also increased slightly, and Toncoin's market cap is ranked #11.
The significant price drop of Toncoin, combined with increased trading volume, suggests heightened market activity and potential investor concern. The continued decline over the past week indicates a bearish trend, impacting short-term price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100