Nasdaq warning triggers 10% drop in Toncoin price: Discover the Real Cause!

Jakarta, Pintu News – The latest news from the crypto market shows that Toncoin (TON) experienced a significant price drop, recorded to be down around 10% after Nasdaq issued a warning. This warning relates to the failure of TON Strategy Co. to obtain shareholder approval for the purchase of Toncoin and the related private share sale. This situation triggered a sell-off in the market which resulted in a decline in Toncoin’s price.

Warning from Nasdaq

Nasdaq revealed that TON Strategy Co. was unsuccessful in obtaining shareholder approval for the Toncoin purchase transaction and private sale of shares. According to Nasdaq, the company had raised funds through a Private Investment Offering (PIPE) before making the Toncoin purchase.

Although Nasdaq found that there was no intent to deliberately avoid compliance, they decided to issue a warning letter rather than delisting the company.

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Market Reaction and Selling Pressure

The announcement from Nasdaq triggered a defensive reaction from traders who chose to sell Toncoin. The Spot Taker CVD indicator turned red, signaling the dominance of sellers over the past week. Meanwhile, Spot Netflow showed a positive figure of $2.47 million, signaling the movement of tokens to exchanges. This is often interpreted as a signal that token holders are preparing to sell, which in turn accelerates the price decline.

Technical Analysis and Important Price Levels

After the Nasdaq warning, Toncoin price fell sharply by 9.76%, breaking the $2.00 level and reaching $1,918. The RSI indicator dropped to 33, close to the oversold zone, and the strength of the Sequential pattern decreased to -13, indicating strong control from sellers. If this selling pressure continues, Toncoin prices could test the support level at $1.80, with the next support at $1.60. However, if the price can rebound above $2.00, there is a possibility that Toncoin will reach $2.30.

Conclusion

Current market conditions suggest that Toncoin is still under significant pressure. Investors and token holders need to pay close attention to further developments related to the Nasdaq action and market response. Investment decisions should be based on in-depth analysis and a solid understanding of the risks involved.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Nasdaq warning sends TONcoin 10% lower; here’s the real reason why. Accessed on November 6, 2025