TON Market Cap Plunges by Billions After Fixing Inflated Supply Data - Decrypt
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Toncoin (TON) is no longer one of the top 10 most valuable cryptocurrencies in the world, following an update from The Open Network to more accurately reflect the asset’s circulating supply via price trackers. In a Telegram message on Wednesday, the project informed users that data aggregators would
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- Toncoin (TON) is no longer one of the top 10 most valuable cryptocurrencies in the world, following an update from The Open Network to more accurately reflect the asset’s circulating supply via price trackers.
- In a Telegram message on Wednesday, the project informed users that data aggregators would track the coin’s market capitalization differently moving forward
- As the change went effective, Toncoin’s market capitalization dropped more than $7 billion instantaneously,
- Meanwhile, the cryptocurrency Cardano (ADA) reclaimed its spot as the 10th most valuable cryptocurrency, currently valued at $15.8 billion. TON, as of this writing, isn't far behind at about $15.6 billion.
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