TON has dropped over 2% to $1.925 in the past 24 hours as the cryptocurrency market experiences a risk-off sentiment. This decline comes as Bitcoin briefly fell below $100,000 for the first time since June, impacting altcoins more severely. The market's unease was exacerbated by a $128 million hack on Balancer, raising concerns about protocol security. TON is currently trading between $1.92 and $1.94, with potential for further losses if it breaks below $1.87.