Toncoin recorded a 2.4% drop following a selling episode after a rebound, underscoring the volatility and liquidity risks affecting investors and platforms operating with the token. The correction ties together news flow, institutional signals, and technical levels that have limited gains and forced relevant liquidations in a market with reduced liquidity.
The pullback reflects profit-taking after a rally driven by market expectations. In July 2025, the cryptocurrency was moving above support around $2.60 following rumors about a visa program in the United Arab Emirates and an announcement related to a Coinbase Ventures investment that fueled optimism. When UAE authorities denied the program, the market sold the news and the price began to correct.
Selling intensified into November 2025 with sharper declines. Toncoin fell to $2.07 in 24 hours and extended a week of pullbacks characterized by decreasing highs, with some reports describing drops below $2.00 to around $1.92.
A Nasdaq warning about a substantial $272.7 million purchase by TON Strategy acted as a trigger, accelerating selling pressure and causing a near 9.8% drop that broke key supports.
Why might the price of Toncoin increase?
Technical rejection zones have capped rebounds and amplified stress. The price was repeatedly rejected near $2.14–$2.16 and showed additional weakness around $2.081. This combination of technical barriers and sales forced massive liquidations of long positions for over $1.4 billion, magnifying the decline in a market with reduced liquidity.
Greater sensitivity to unverified news has been evident as initially bullish narratives around visas and investments proved fragile and, without confirmation, facilitated profit-taking.
Liquidity and leverage risk has surfaced through over $1.4 billion in long liquidations, showing how leverage can amplify losses and volatility.
Signals of institutional distrust emerged as the public warning from Nasdaq about a significant operation acted as a catalyst, affecting perception and confidence.
Toncoin continues to face pressure around the $2.07 support and resistances at $2.14–$2.16, with market data indicating a circulating supply of approximately 2.5 billion tokens and a market capitalization close to $6.47 billion. In the short term, price action will depend on the validation of relevant news and liquidity behavior, and the confirmation or denial of key narratives will continue to shape the amplitude of movements.
