Toncoin's price appeared to plummet around 90% to $0.30, causing panic in the crypto community. However, this was a glitch on CoinMarketCap, not a real price drop. The sudden change led to widespread speculation of a rug pull,

exacerbated by recent crypto attacks and market uncertainty.

The glitch on CoinMarketCap was due to a faulty API from a Russian source. Once the platform identified the issue, they quickly informed the community, and the correct price was restored. Despite this, some panic selling occurred, causing Toncoin's price to drop by 7.48% to $4.904.

Amid ongoing market turmoil and bearish sentiment, caution is crucial. With a history of hacks, exploits, and misinformation, it's important for the crypto community to verify information with legitimate sources before reacting to market changes.