Toncoin Tests Critical Support as $420M Investment Filing Meets 76% Yearly Decline
Toncoin trades at $1.52, marking a brutal 17.8% monthly decline that extends the coin’s yearly collapse to 76%. The price action tells a story of persistent selling pressure meeting institutional optimism, as AlphaTON Capital’s recent $420 million SEC registration for ecosystem expansion provides a stark contrast to the technical deterioration. The main question for traders is: can this massive capital commitment reverse the entrenched downtrend, or will bears continue dominating despite the fundamental catalyst?