Toncoin Price Drops by 5%, Nasdaq Issues Warning

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Sharp Decline in Toncoin

Toncoin price has fallen to $2.165 with a decline of over 5%, breaking through significant support levels. This drop occurred alongside increasing trading volume and selling pressure.

Nasdaq's Warning

In the background of the decline, there is a warning from Nasdaq to a key token holder of TON Strategy. Nasdaq sent a letter to the company for failing to obtain shareholder approval before issuing stocks to finance the $272.7 million purchase of Toncoin.

Market Dynamics

Current price movements are defined by technical levels. The support level is forming around $2.162, while upward attempts are limited by resistance at $2.19.

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Toncoin, Nasdaq, TON Strategy, price movements, investment