$TON May Fall Out of Top 10 as It’s Flipped by $TRX - Watcher.Guru Analytics

Irma - Aug 28 - - Dev Community

Toncoin (TON) is at risk of falling out of the top 10 cryptocurrencies after being overtaken by Tron (TRX), which has surged to become the ninth-largest crypto by market cap. Toncoin's decline is linked to the arrest of Telegram CEO Pavel Durov in France, leading to a significant drop in its market cap from $17.2 billion to $13.7 billion, a 23% decrease.

Over the past week, Toncoin has fallen by more than 19%, facing uncertainty due to Durov's legal issues. Meanwhile, Tron continues to perform well, with its value increasing by over 16% in the last 30 days. The sell-off of TON has not stopped, and large holder inflow has decreased by 95%, adding to the selling pressure.

Cardano (ADA), recently pushed out of the top 10 by TRX, could challenge TON's position. ADA has increased by over 2% in the last week, with a 32% surge in trading volume in the past 24 hours, possibly fueled by a recent hard fork upgrade.

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