TON Falls 2% to $1.93 as Risk-Off Mood Grips Crypto; Altcoins Struggle to Find Support
November 5, 2025

TON slipped more than 2% over the past 24 hours to $1.925, as renewed risk-off sentiment weighed on crypto markets and triggered another wave of volatility across altcoins.

The downturn came as Bitcoin (BTC) briefly fell below $100,000 for the first time since June before recovering to around $102,000, according to CoinGlass, which also reported nearly $1.6 billion in long liquidations during the session.

Altcoins bore the brunt of the sell-off. While the broader CoinDesk 20 (CD20) index dipped just 0.2%, supported by Bitcoin’s 1.4% gain, TON underperformed — hitting an intraday low of $1.8117 before struggling to reclaim support near $1.90. Data from CoinDesk Research’s technical model shows the token continues to form lower highs, reflecting persistent pressure in the altcoin segment.

Adding to market unease, a $128 million hack targeting decentralized exchange Balancer on Tuesday heightened concerns around protocol security, prompting further flight-to-safety behavior among investors.

“Markets are still processing the aftershocks from October’s $19 billion in liquidations,” said Jasper de Maere, OTC trader at Wintermute. “Thin liquidity across altcoins makes them particularly vulnerable when macro conditions deteriorate.”

Despite the weakness, TON showed tentative signs of stabilization, rebounding modestly from its lows to trade within a $1.92–$1.94 consolidation band.

Still, analysts caution that momentum remains fragile. A decisive break below $1.87 could open the door to deeper losses, while a sustained move above $1.95 may hint at the start of an early recovery attempt.