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- Nasdaq warned TON Strategy over unauthorized Toncoin purchases.
- Toncoin fell 9.8%, breaking $2, with bearish indicators signaling further downside.
- Critical support at $1.60; rebound above $2.00 could shift momentum.
Toncoin, a top-tier Layer-1 cryptocurrency, has recently faced heightened volatility after Nasdaq issued a warning to TON Strategy Co. over its aggressive accumulation of TON tokens. The news has rattled investors, pushing the token below key support levels.
Nasdaq Warning Shakes Investor Confidence
Nasdaq flagged TON Strategy Co. for bypassing shareholder approval during its Toncoin purchases and a related private stock sale. In August 2025, the company raised $558 million through a private investment in public equity (PIPE) to buy Toncoin, yet failed to secure authorization for $273 million of those transactions.
Despite the oversight, Nasdaq determined the firm did not intentionally evade compliance, opting for a warning letter rather than delisting. Nonetheless, the regulatory notice fueled market uncertainty.
Sell Pressure Dominates On-Chain Metrics
Following the warning, traders turned defensive. Toncoin’s Spot Taker CVD showed sustained selling activity, marking a week of bearish dominance. Concurrently, Spot Netflow spiked to $2.47 million, indicating tokens moved onto exchanges—a classic signal that holders are preparing to sell. Historical patterns suggest such netflow surges often accelerate price declines.
Toncoin Price Reaction and Key Levels
The market responded swiftly. Toncoin dropped nearly 9.8%, slipping below $2.00 to $1.918. Technical indicators underline the weakness: RSI sits at 33, approaching oversold territory, while Sequential Pattern Strength dropped to –13, reinforcing continued seller control.
If bearish momentum persists, Toncoin could test $1.80, with $1.60 as a critical support level. Conversely, a recovery above $2.00 may pave the way toward $2.30 if bulls regain confidence.
Toncoin’s recent sell-off highlights the delicate balance between institutional activity and market sentiment. While Nasdaq’s warning stops short of severe penalties, the market’s reaction demonstrates how regulatory oversight can quickly amplify volatility. Traders and investors alike will watch Toncoin closely in the coming weeks for signs of stabilization or further downside.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: CoinShares Launches Toncoin ETP With 2% Yield
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
