The cost of TON, Pavel Durov’s Telegram cryptocurrency, fell by 94% in just a few minutes to 27 rubles per coin, and then quickly recovered to 463 rubles, according to data from Coinbase.
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The TON rate collapsed on the Binance exchange and in the Coinmarketcap system. In addition, the price of TON fell sharply on Telegram – to 30 rubles. On other sites, TON continued to cost about 460 rubles.
The last time TON cost so little was on September 20, 2021, when the price was only 28 rubles per coin.
Former press secretary of Telegram founder Pavel Durov, Pavel Lobushkin, believes that this is a “technical glitch.” A few minutes after the fall, the exchange rate recovered its previous values.
Coinmarketcap had issues displaying Toncoin price and has now fixed it, says TON Community Rus.
On September 2, the TON blockchain surpassed the 1 billion transaction mark, according to data from TONScan. Moreover, half of them were committed in the past 3 months.
Meanwhile, TON CTO Anatoly Makosov, referring to the TON API, said that the number of transactions was higher – we are talking about 1.3 billion, BitRiver writes on September 2.
“At the same time, experts note that there is an outflow of TVL on the network: from the July peak of $776.6 million there was a decrease to $344.89 million,” the mining data center operator said in a statement.
RB.RU does not provide forecasts for cryptocurrencies; their prices are volatile and may result in losses.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
