TON Retreats to $1.93 While Altcoins Lag Bitcoin Amid Renewed Risk Aversion

TON Falls 2% to $1.93 as Altcoins Weaken Amid Broader Risk-Off Sentiment
November 5, 2025

TON declined more than 2% over the past 24 hours to $1.925, as cautious sentiment returned to crypto markets and altcoins lagged behind Bitcoin’s modest rebound.

The sell-off followed a volatile session that saw Bitcoin (BTC) briefly dip below $100,000 for the first time since June before recovering to around $102,000, according to CoinGlass. The move triggered nearly $1.6 billion in long liquidations, highlighting ongoing market fragility.

Altcoins remained under heavier pressure, with the CoinDesk 20 (CD20) index edging down 0.2%, buoyed slightly by Bitcoin’s 1.4% gain. TON, however, struggled to hold support, touching an intraday low of $1.8117 before stabilizing near $1.93. Technical readings from CoinDesk Research show the token forming lower highs, reflecting weak momentum within the altcoin sector.

Sentiment worsened further after a $128 million exploit on decentralized exchange Balancer, reigniting security concerns and driving traders toward safer assets.

“Markets are still dealing with the fallout from October’s $19 billion in liquidations,” said Jasper de Maere, OTC trader at Wintermute. “Low liquidity continues to amplify volatility, especially across smaller-cap tokens.”

Despite the decline, TON has shown some stability, consolidating between $1.92 and $1.94 in late trading. However, analysts warned that a break below $1.87 could trigger deeper losses, while a move above $1.95 may signal the start of a short-term recovery.