Toncoin Price Plummets 4.00% in Last 24 Hours
Toncoin (TON) has seen its price decrease by 4.00% in the last 24 hours, trading at around Kr11.0236 against the Danish Krone (DKK). This marks a continuation of TON's downward trend over the past 30 days, with an 11.00% decline.
Looking at the historical data, the all-time high for Toncoin was reached at Kr53.5231, while the lowest price in the past 24 hours was Kr10.7912. The current circulating supply of TON stands at 2,760,299,662, with a maximum supply of 5,233,488,020.
The price movement of Toncoin can be influenced by various factors, including its Proof-of-Stake model, the activity within The Open Network, and broader market trends. Demand for TON is closely tied to the usage of the network, which includes Telegram-native integrations, wallets, mini-apps, and on-chain services.
The live TON/DKK conversion rate is determined by supply and demand in real-time, with last-trade discovery, order book depth, and Volume-Weighted Average Price (VWAP) across venues playing a significant role. Arbitrage traders help align prices by buying on cheaper venues and selling on richer ones.