Top 10 TON Token Economy Market Capitalization Evaporates $5.13 Billion in Nearly 70 Days

The open network (TON) ecosystem has suffered a series of setbacks over the past week due to a slew of unfavorable news. The turmoil began with the arrest of Telegram founder Pavel Durov, which was followed by two major disruptions to the blockchain network that brought block production to a standstill. And, from June 23, 2024 to August 30, 2024, the total market value of TON's top ten tokens shrank from $20.51 billion to $15.38 billion. During this period, Toncoin (TON) had a market capitalization of approximately $18.71 billion, which has since dropped to $13.57 billion.Notcoin (NOT) also saw a significant drop, with its market capitalization falling from $1.5 billion to $849 million.