Ton Quinn’s 2 % collapse and crisis in the Ton ecosystem

The value of Toncoin fell by $ 5.5, resulting in market value from $ 2 billion to $ 1.5 billion. The fall began in France after the arrest of Paul Dorov, the founder. He has faced four charges, including drug trafficking, the publication of abuse images of children, and facilitating illegal transactions.

The downward trend of Tunne Kevin intensified with the poor performance of other tokens in the ecosystem. Kombat’s hamster fell more than 5 percent of its peak and has fallen to $ 5 million, while analysts were expecting more than $ 5 billion.

Other Blockchain tokens, including TapSwap, Notcoin, Catizen and Dogs, have also fallen in two digit prices. Data show that the number of wallets active in Tunnel’s blockchain has declined dramatically. According to Tonstat, the number of active wallets has decreased to 5 million per month, the lowest since last year. This number was more than 2 million in August.

In addition, the activation of the in -chain wallets has also been reduced from 4.3 in August to 4.1. Other intra -chain indicators, including the number of daily transactions and annual inflation rates, also show the downward trend.

On the other hand, Ton Blockchain is also losing its market share in other sectors. The total value of the locked (TVL) in its decentralized financial ecosystem (Defi) has been reduced to $ 5 million and ranks 5th in the largest blockchain. Over the past 7 days, its decentralized exchanges have been processing only $ 5 million in trading volume, while Base Black Cinema has had $ 5 billion in transactions in the same period.

Daily diagrams review show that Tune had reached $ 1.2 in June. Recently, this digital currency has formed a Death Cross pattern, indicating a 2 -day and 2 -day moving average confluence.

Toncoin is now below the key support level of $ 1.5, the lowest price since September 9th. Also, this currency has broken the corrective level of 4.3 % of Fibonacci. The relative power index (RSI) and the MACD index both show the downward trend. As a result, Toncoin is likely to continue, and vendors have targeted the support level of $ 1.5, which is a corrective level of 1.2 % fibonachi.