TON Drops to $1.93 as Altcoins Lag Behind Bitcoin in Risk-Off Crypto Market

On November 5, 2025, TON dropped 2% to $1.925 amidst widespread risk-off sentiment in the crypto market, pushing Bitcoin briefly below $100,000. This market reaction resulted in approximately $1.6 billion in long trader liquidations. The decline was intensified by a $128 million exploit of the Balancer decentralized exchange, raising concerns about protocol security. Despite these pressures, TON showed temporary signs of stabilization, bouncing from a low of $1.8117 but facing challenges at the $1.90 support level. Analysts noted that a drop below $1.87 could lead to further losses, whereas reclaiming $1.95 might indicate an early recovery. Overall, the sell-off significantly impacted altcoins, with the broader CoinDesk 20 index declining only 0.2% during this period, primarily due to Bitcoin's increase of 1.4%.

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