In the past 70 days, the market capitalization of TONToken, one of the top ten tokens, evaporated by 51.3 billion US dollars.

Golden Finance reported that over the past week, the open network (TON) ecosystem has encountered a series of setbacks due to a series of unfavorable news. The turmoil began with the arrest of Telegram founder Pavel Durov, followed by two major interruptions in the blockchain network, leading to a standstill in block production. And from June 23, 2024 to August 30, 2024, the total market capitalization of the top 10 tokens of TON fell from 20.51 billion US dollars to 15.38 billion US dollars. During this period, the market capitalization of Toncoin (TON) was about 18.71 billion US dollars, and then dropped to 13.57 billion US dollars. Notcoin (NOT) also experienced a significant fall, with market capitalization falling from 1.5 billion US dollars to 849 million US dollars.