According to Odaily, The Open Network has announced that data aggregators will track the market value of TON tokens in a different way in the future. This new method will exclude TON tokens held by Telegram, the Foundation, and the TON Believers Fund. CoinGecko reports that this change has led to an immediate reduction in TON's market value by over $70 billion. The latest data from CoinGecko shows that the current market value of TON is $154.6 billion, ranking it 11th in the market.
The Open Network's decision to change the tracking method for TON tokens is expected to have significant implications for the cryptocurrency's market position. The exclusion of tokens held by Telegram, the Foundation, and the TON Believers Fund from the calculation of market value represents a significant shift in how the value of this cryptocurrency is assessed. This change has already had a dramatic impact, with TON's market value dropping by over $70 billion.
Despite this sudden drop, TON remains a significant player in the cryptocurrency market. According to the latest data from CoinGecko, TON's market value stands at $154.6 billion, making it the 11th largest cryptocurrency by market value. This position reflects the continued interest and investment in TON, despite the changes in how its market value is calculated.