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TON (Toncoin) fell by 2.70% in the last 24 hours.
Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, TON (Toncoin) is currently priced at $1.97, having fallen by 2.70% in the last 24 hours, with a high of $2.16 and a low of $1.92. The 24-hour volume reached $203 million. The current market capitalization is approximately $4.89 billion, a decrease of about $136 million compared to yesterday. TON is currently ranked 25th in the global crypto assets market capitalization.
Important news about TON recently:
1️⃣ TON Strategy position volume continues to grow As the treasury company of TON, TON Strategy has reached a holding of 217.5 million TON as of September 30, 2025, which is an increase compared to the previous quarter. Through staking rewards, the company has obtained an additional 336,000 TON, further increasing the total holding to 217.8 million TON. This indicates that TON Strategy remains optimistic about the long-term development prospects of TON, and the increase in its holdings may provide certain support for the price of TON.
2️⃣ The expansion of staking scale brings stable returns TON Strategy has staked 177.1 million TON, accounting for 81.3% of its total holdings. This large-scale staking has not only brought the company $707,000 in staking income but also helps to enhance the security and stability of the TON network. The high staking rate may reduce market circulation volume, potentially impacting the supply and demand relationship of TON.
3️⃣ Share Buyback Plan Implementation The TON Strategy has approved a $250 million stock buyback plan and has repurchased 1,984,072 shares at a price below the book value per share. This move demonstrates the company’s confidence in its own value, while potentially indirectly impacting market confidence in the TON project. However, the use of buyback funds may also affect the company's further investment in TON.
Despite the financial report of TON Strategy showing its continued investment and confidence in TON, the price of TON still experienced a fall in the short term. This may be related to the overall sentiment in the crypto assets market or other unknown factors. Investors need to closely monitor the long-term development strategy of TON and the overall market trends.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.