TON Sinks 7.6% Despite Verb’s $558M Bid to Build First Public Toncoin Treasury Firm
Nasdaq-listed livestream social commerce platform Verb Technology recently announced plans to create a publicly traded treasury reserve for Toncoin (TON), but crypto investors appear to be unimpressed.
Despite Verb’s announcement of a $558 million PIPE deal on Aug. 4, the token plunged in the hours following the news. As of press time, TON has dropped 7.6% in the past 24 hours to trade around $3.30, making it the biggest loser among the Top 100 cryptocurrencies, according to CoinGecko.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
2.01K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.