Token TON managed to pare some of its losses after the blockchain rebooted following a nearly five-hour outage.
While the outage was partly due to the popularity of the DOGS airdrop, which is part of the Ton Foundation’s efforts to raise awareness of what it sees as the unjust arrest of Pavel Durov, it wasn’t all bad news for the protocol’s native token.
Token TON managed to pare some of its losses during the Asian trading session, and is now down 0.44%, according to CoinMarketCap data. Reversing the bearish market move.
$BTC is down 6%, with Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) all down more than 5%. XRP showed relative strength, down 3.4%, while Tron’s TRX token was the best performer among major assets, down 2%.
Liquidations in Ethereum futures reached a record high of $102 million, followed by Bitcoin at $96 million and a range of smaller altcoins at $40 million.
