The price of Toncoin (TON) has experienced a significant sell-off, dropping 41% to $4.90. This decline can be attributed to several weak metrics in the ecosystem, such as a decrease in the daily number of TON tokens burned, a drop in network fees, and a decrease in daily transaction count and active wallets. Additionally, the total assets locked in the TON Blockchain have fallen, and the performance of ecosystem tokens like Hamster Kombat (HMSTR), Notcoin (NOT), and Catizen has also been weak. Technical indicators suggest that the token will likely continue to fall, with key support at $4.43.



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