Toncoin’s price action tells a tale of two catalysts colliding – the promise of Coinbase listing visibility meeting the reality of $66.95 million in token unlocks flooding the market. The cryptocurrency dropped 13.08% over the past week to $1.834, with selling pressure intensifying as newly unlocked tokens hit exchanges just as institutional interest peaked through CoinShares’ new ETP launch. The main question for traders is: can the $1.75 support level that’s held since November survive this perfect storm of supply pressure and technical breakdown?

Toncoin’s descent accelerated this week as the cryptocurrency shed another 5.26% to close at $1.856, marking a devastating 19.4% drop over the past month. The slide comes despite CoinShares launching Europe’s first Toncoin investment ETP and Coinbase adding TON to its roadmap – developments that typically provide wind to the sails but instead met selling pressure as Nasdaq’s reprimand over Telegram’s financing breach spooked institutional players. The main question for traders is: can the psychological $1.80 level hold, or will TON continue bleeding toward the $1.50 zone where volume profiles suggest stronger buyer interest lurks?