TON Drops 2% to $1.93 as Altcoins Face Renewed Selling in Risk-Off Market
November 5, 2025
TON fell more than 2% over the past 24 hours to $1.925, extending losses amid renewed risk-off sentiment that weighed heavily on altcoins and broader crypto markets.
The pullback came as Bitcoin (BTC) briefly slipped below $100,000 for the first time since June before recovering to around $102,000, according to CoinGlass. The move triggered roughly $1.6 billion in long liquidations, underscoring growing investor caution and thinner liquidity conditions.
Altcoins bore the brunt of the sell-off, with the CoinDesk 20 (CD20) index edging 0.2% lower, supported by Bitcoin’s modest 1.4% rebound. TON underperformed, dipping to an intraday low of $1.8117 before stabilizing near $1.93. Technical data from CoinDesk Research indicated that the token continues to form lower highs, highlighting fading momentum across the altcoin space.
Adding pressure, a $128 million hack on decentralized exchange Balancer earlier in the week intensified concerns over protocol vulnerabilities, prompting a further flight to safety among traders.
“Markets are still absorbing the shock from October’s $19 billion in liquidations,” said Jasper de Maere, OTC trader at Wintermute. “Altcoins remain particularly exposed to volatility due to limited liquidity and macro headwinds.”
Despite recent weakness, TON has shown tentative signs of stabilization, consolidating between $1.92 and $1.94 in late trading. Still, analysts caution that momentum remains fragile — a break below $1.87 could lead to deeper losses, while a move above $1.95 might suggest the start of a recovery phase.
