TON Slides 2% to $1.93 as Altcoins Struggle in Risk-Off Crypto Market
November 5, 2025
TON fell more than 2% over the past day to $1.925, as renewed risk-off sentiment rippled through digital asset markets, sending altcoins lower while Bitcoin held relatively firm.
The decline coincided with Bitcoin (BTC) briefly dipping below $100,000 for the first time since June before recovering to around $102,000, according to CoinGlass. The move triggered roughly $1.6 billion in long liquidations, underscoring growing caution among leveraged traders.
Altcoins took the brunt of the sell-off. The CoinDesk 20 (CD20) index slipped 0.2%, supported by Bitcoin’s modest 1.4% gain, while TON underperformed — hitting an intraday low of $1.8117 before recovering slightly. Data from CoinDesk Research shows the token forming lower highs, reflecting softening momentum within the altcoin sector.
Market nerves were further rattled by a $128 million hack on decentralized exchange Balancer, which reignited security fears and reinforced the flight to safety across digital assets.
“Markets are still processing the aftermath of October’s $19 billion in liquidations,” said Jasper de Maere, OTC trader at Wintermute. “With thin liquidity, altcoins remain particularly sensitive to macro-driven swings.”
Despite the broader weakness, TON showed tentative stabilization, consolidating between $1.92 and $1.94 late Tuesday. Still, momentum remains fragile — a break below $1.87 could signal deeper losses, while reclaiming $1.95 may point to an early recovery attempt.
